Owners of Disney-Built Homes Not Celebrating


Homeowners are no longer celebrating in Celebration, Fla., the idyllic town built by the Walt Disney Company starting in 1994, where house prices have dropped 38.8 percent or more since 2006. Foreclosures also are up in Celebration, near the Magic Kingdom though there is only one single family bank-owned propery and 11 multi-family bank owned properties in Celebration in the multiple listing service, according to Celebration's in-town Realtor, Kathleen Carlson, owner of Imagination Realty.

Talk about Mickey Mouse real estate.