Another media company has published findings from economists about central Florida real estate......
- As the cost of gas and the rising foreclosure numbers affect the states economy, a LOT of people
looking at what is going on say we will NOT go into recession. "The rate of growth is decelerating,
but all the economic drivers are in place" to avoid an economic downturn, including job creation,
population growth and personal-income growth, said Snaith, director of UCF's Institute for Economic Competitiveness. - "I don't see an outright recession" for Florida or the U.S., said Per Gunnar Berglund, the senior
economist who studies Florida for Westchester, Pa.-based Economy .com. "As it turned out,
we were really too bearish about the impact the housing downturn would have on employment,"
Berglund said. "We don't see the huge layoffs we expected. Instead, commercial construction
has buffered the residential sector's weakness, he said, and shows no signs of a collapse. - "We're very bullish on the Central Florida economy for the long term," said Nick Pope, managing
partner of the Lowndes, Drosdick, Doster, Kantor & Reed law firm in Orlando. About 60 percent
of the 125-lawyer firm's business is real-estate-related.
So, there you have it...my proof that we are doing just fine in central Florida real estate. Along
with the sales numbers I posted in a previous blog, everything is pointing to a "soft landing"...
it just will not be like it was in the "boom years"...and I know a LOT of agents who got used
to it in those years are going to be disappointed.
BUT ---- a good agent adjusts to how the market shifts.
(Info taken from "Yahoo news")
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