No Florida recession, Fed index says

Real Estate Broker/Owner with Wieder Realty, Inc.

Florida should avoid a recession through the start of 2012, even as some state economies show signs of shrinking, according to a Federal Reserve index.

The Philadelphia Fed’s leading index of state economies showed Florida dropping slightly in August, but still in positive territory. That means the index predicts Florida’s economy will continue growing for at least six months.

A recent report runs counter to predictions that the country is heading for a second recession. Despite better than expected economic growth in the spring, economists still see Europe’s debt crisis, strained government finances and weak confidence from consumers and businesses as threatening the recovery.

Despite a slowdown during the summer, the Fed’s analysis of Florida’s leading economic indicators suggests the Sunshine State will avoid a recession, at least through the start of 2012.

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Wieder Realty is your best source of information when it comes to Palm-Aire and the surrounding area.

Call us at 954-978-8300 or 888-979-9788

1221 S Powerline Road - Pompano Beach - Florida 33069

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Bryan Robertson
Intero Real Estate - Los Altos, CA
Broker, Author, Speaker

considering the size of the Florida economy and how important the real estate recovery is down there, I'd say this is great news.

Oct 20, 2011 04:06 PM #1
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Million $ Guild Cert Luxury Home KW Land Division

In St Lucie COunty FL, we concur.

Inventory absorbion now under 7 months.

Foreclosures 1/3 less inventory than start of year.

Median prices rose 10% this quarter.

And new construction starts best month in 5 years.

Let's hear from those investors once again.

Oct 20, 2011 04:07 PM #2
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