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
Showing posts with label florida housing. Show all posts
Showing posts with label florida housing. Show all posts
Aug 14, 2008
Florida builders meet with Governor Crist
Robert Parrish, President of the Florida Home Builders Association, (FHBA), joined with other Florida business leaders this past week to discuss Florida's economy.
In a message released on FHBA's website, Mr. Parrish noted that in Florida:
In a message released on FHBA's website, Mr. Parrish noted that in Florida:
- 81,000 construction jobs have been lost since June of last year.
- Building permits are down 48 percent since this time last year.
- Florida has a 22 month inventory of housing on the market
Mr. Parrish described Florida's building industry as needing antibiotics not aspirin and encouraged Governor Crist to:
- Create a housing and construction task force.
- Make emergency funds available for down payment assistance programs.
- Stop the rampant increases in impact fees.
- Investigate the problems created in the market by appraisers including short sales and foreclosed homes in their comps for evaluating the market value of other homes.
The FHBA encourages all to investigate opportunities to publicize the new $7,500 tax credit for first-time home buyers.
Related Florida real estate views:
Search for a home in 25 Florida counties
Florida home buyers may qualify for tax credit
Builders confident buyers will take advantage of tax credit
- Greg Staker - Watson Realty Corp. - 407-304-0255
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