Florida State Overview
Submitted by Naomi M on Sat, 09/29/2007 - 20:44.Capital: Tallahassee
Estimated 2004 population: 17,397,161
Change from 2000: + 1,414,783
2004 housing units: 8,009,427
Housing units change from 2000-2004: + 670,243
Top Florida Cities
Boca Raton | Daytona Beach | Cocoa Beach | Fort Lauderdale | Fort Myers | Gainesville | Key West | Miami | Orlando | Panama City | Pensacola | Sarasota Springs | St. Petersburg | Tallahassee | Tampa | West Palm Beach
Palm Beach County Florida glutted with properties for sale
Submitted by Naomi M on Thu, 10/11/2007 - 01:47.There were 33,708 houses and condos listed for sale in Palm Beach County in August, according to Illustrated Properties Real Estate's analysis of Multiple Listing Service data.
That’s a 40-month supply of homes, likely an all-time high. So long as the supply of homes for sale outpaces demand from buyers, prices will continue to decline.
That’s a 40-month supply of homes, likely an all-time high. So long as the supply of homes for sale outpaces demand from buyers, prices will continue to decline.
Naples Florida housing market troubled
Submitted by Anonymous on Thu, 05/24/2007 - 05:00.According to the Naples Area Board of Realtors, closed sales reported for the first quarter of 2007 dropped 25 percent to 939, compared with 1,250 during the first quarter of 2006.
New listings in the first quarter of 2007 dropped 14 percent, down to 5,885 compared to the record 6,851 reported in the first quarter of 2006, the board reported, and pending sales during the first quarter were down 4.5 percent to 1,491 from 1,558 a year ago.
New listings in the first quarter of 2007 dropped 14 percent, down to 5,885 compared to the record 6,851 reported in the first quarter of 2006, the board reported, and pending sales during the first quarter were down 4.5 percent to 1,491 from 1,558 a year ago.
Florida housing woes have ripple effect
Submitted by Anonymous on Sat, 05/19/2007 - 05:00.If the housing-market shakeout has an epicenter, it probably lies in Florida. For companies with business tied closely to the state, that is a problem.
During the boom, home prices around Miami and Tampa ran up faster than almost anywhere in the country. Goldman Sachs economists note that speculative buyers in houses and, especially, condos fed a building boom that pushed Florida’s housing stock up far more quickly than the state’s population grew. Now, Goldman says, investors better watch Florida’s woes carefully.
During the boom, home prices around Miami and Tampa ran up faster than almost anywhere in the country. Goldman Sachs economists note that speculative buyers in houses and, especially, condos fed a building boom that pushed Florida’s housing stock up far more quickly than the state’s population grew. Now, Goldman says, investors better watch Florida’s woes carefully.
Hollywood Florida’s Bad Real Estate Market Has Locals Auctioning Homes
Submitted by Anonymous on Tue, 04/24/2007 - 05:00.Some Hollywood homeowners are resorting to auctions to try and sell their properties in the current tough market.
Locally, new stats released from the Real Estate Association of Greater Fort Lauderdale revealed that condominium and home sales were up from February to March of this year. Condo sales were up 10% and single family homes were up 18%.
Locally, new stats released from the Real Estate Association of Greater Fort Lauderdale revealed that condominium and home sales were up from February to March of this year. Condo sales were up 10% and single family homes were up 18%.
Tampa Bay FL commercial real estate is strong
Submitted by Anonymous on Mon, 04/16/2007 - 05:00.Commercial real estate in Tampa Bay is showing positive indicators in 2007, according to a new report by Colliers Arnold.
Strong market fundamentals combined with continuing demand has created the climate for a rise in new construction, the report said.
Employment continues to be one of Tampa Bay's strengths, with unemployment at 3.3 percent for February, down slightly from 3.4 percent for February 2006. More than 26,500 jobs were added in Tampa Bay during the past 12 months, the report said.
Strong market fundamentals combined with continuing demand has created the climate for a rise in new construction, the report said.
Employment continues to be one of Tampa Bay's strengths, with unemployment at 3.3 percent for February, down slightly from 3.4 percent for February 2006. More than 26,500 jobs were added in Tampa Bay during the past 12 months, the report said.
