Real-estate agents who sell ultra high-price homes are announcing a recovery. In Naples, Florida, brokers are cheering a supposed rebound in luxury vacation homes, with Premier Sotheby’s International Realty selling 41 homes priced at $2m this year, up 14% from the same period in 2010.

One broker told Bloomberg that buyer's "are finally getting off the fence," as if fence-sitting were the real problem with Florida real-estate market.