According to a University of Florida study, consumer confidence in Florida is at an all time low.
“…I would have to predict consumer spending in Florida to pull back dramatically in the coming months.” said Chris McCarty, director of UF’s Survey Research Center.
The housing market is playing a huge role as one might expect. “The current economic decline began with housing and in many ways it will end with housing,” he said. “Housing prices have continued to decline and have yet to stabilize, although there are some signs that prices in some areas are getting near the bottom” McCarty said.
Here is the complete news release.
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- Greg Staker Watson Realty Corp. 407-304-0255
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