Every year at this time, the Attorneys’ Title Insurance Fund publishes its Real Estate Forecast. This year, the report does little to bring enthusiasm to a much beleaguered market, instead predicting Florida’s economy to lag the rest of the country.
The report has been published since 1975 by economist Hank Fishkind (The man behind the curtain....) and uses deed data for more than 30 Florida counties, including Leon. It gives us a chance to see how Leon County projects versus the rest of the State. Unfortunately, Dr. Fishkind projects that most Florida housing markets will be down this year and will not see a recovery until 2011. But Fishkind has some positive thoughts for Leon County.
;)
;)
;)
Joe, I take these forecasts just like a weather forecast. You really will not know for sure until after the fact. I compared our sales numbers for 2007 and 2008 and found that actual transactions were down by only 2%; dollar sales volume however, was down by 20%. We will see what 2009 will bring!