Every local market moves at a different pace and I rarely talk about national numbers because they may or may not reflect the local market. Here is a link that provides insight to an interesting movement in the market.

WALTON COUNTY, Fla. – Jan. 16, 2009 – Unlike densely populated South Florida or theme-park epicenter Orlando, the western panhandle of Florida has no big cities, and trendy nightclubs are few and far between. The region is not exactly sleepy, with plenty of golf courses and resort developments……

MIAMI – Dec. 19, 2008 – Homeowners in South Florida and across the nation rushed to contact their mortgage brokers on Wednesday to take advantage of the Federal Reserve’s decision the day before to cut its key interest rate to nearly zero.