Orlando will lead Florida in population, employment and personal income gain

Good news is expected for the Sunshine State according to a news report from the University of Central Florida's economist today.

Sean Snaith, director of UCF’s Institute for Economic Competitiveness predicted that the State's population and job market will increase by more than 50% over the next 3 decades.

His comments concerning the real estate market includes:

Florida's housing construction sector bottoms out in the fourth quarter of this year. Housing starts will climb at a very slow pace. In 2010, housing starts will have recovered but at levels that will be 100,000 starts fewer than the peak level reached in 2005.

Read the full news report


Related Florida real estate views:

Need a job? Upcoming job fair in Orlando.

Orlando population projected to increase.

Homeless population decreases according to HUD


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

Home builders pull in the reins on new-home production

In an ongoing effort to curb the excessive inventory, housing starts in January saw little movement.

“Builders continue to do what they need to do to reduce the inventory of units on the market, both by limiting new production and pulling fewer permits for new homes,” said Sandy Dunn, a home builder from Point Pleasant, W. Va., and newly elected president of the National Association of Home Builders (NAHB).

View the complete Builder's press release.

Related Florida real estate views:

Builders confident buyers will take advantage of tax credit

Florida Senators vote in favor of foreclosure bill HR 3221

Don’t get scammed buying land in Florida


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