From a casual glance at the news, the real estate sit­u­a­tion in Florida comes off as fairly dire. Four in ten South Florida mort­gage hold­ers are under­wa­ter; The tri-county area was ranked tenth in the nation for fore­clo­sure fil­ings last year; gloom; doom; etc.

So some­one tell me why the house that was listed on Mon­day, that I looked at 24 hours later, on Tues­day after­noon, was under con­tract that night.