Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies stated today “The decline in consumer spending is finally beginning to show up in rental markets,” Archer said.
“The biggest surprise is how notable the downturn in the state of the apartment market appears to be,” Archer said. “It could be that people are trying to save money by doubling up and sharing accommodations with roommates, reducing the demand for apartments.
Mr. Archer was also suggested that the real estate market may start seeing a change around the spring of 2009.
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- Greg Staker, Watson Realty Corp., 407-304-0255
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