Too many homes were built - President Bush

President Bush responding to questions in Virginia about the economy was quoted as saying;

"Well, what happened was, they overbuilt -- or we overbuilt -- built too many homes relative to the number of buyers."

President Bush predicted the housing market will remain soft until the excess inventory is gone.

News Release


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- Greg Staker 407-304-0255

Florida forms team to increase aid for economy

Chief Financial Officer Alex Sink announced the formation of a “Financial Action Team” to identify federal assistance available to our state. The team is being created to ensure Florida identifies documents and leverage all resources available as a result of the passing of the recent federal housing bill. The team will consist of members from various state organizations including the Florida Association of Realtors.

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- Greg Staker - Watson Realty Corp. - 407-304-0255

Homeless population decreases according to HUD

According to a HUD news release found here, the chronically homeless in the America dropped by nearly 12%.

The article further states that the drop can be attributed to an increase in supportive housing.


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