Chris McCarty, director of UF’s Survey Research Center at the Bureau of Economic and Business Research is quoted in a recent University of Florida new report regarding Florida's housing market; "There are signs that housing prices are beginning to stabilize in the Sunshine State."
“While prices in Florida markets are still declining, the pace of the declines has slowed,” he said. “Overall, the median price of a home in Florida, excluding condos, is beginning to flatten.”
McCarty said he believes retrospective data will show that home prices bottomed out in July for most Florida markets and that stabilization of housing prices will ultimately lead to stability in financial markets.
Related Florida real estate views:
Baby boomers to help Florida population grow
More people sharing living arrangements suggest University of Florida
Orlando will lead Florida in population, employment and personal income gain
- Greg Staker - Watson Realty Corp. - 407-304-0255
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