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Florida State Overview

Naomi M — Sat, 29 Sep 2007 15:44:22 -0500

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

Palm Beach County Florida glutted with properties for sale

Naomi M — Wed, 10 Oct 2007 20:47:06 -0500

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.

Naples Florida housing market troubled

Thu, 24 May 2007 00:00:00 -0500

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.

Florida housing woes have ripple effect

Sat, 19 May 2007 00:00:00 -0500

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.

Hollywood Florida’s Bad Real Estate Market Has Locals Auctioning Homes

Tue, 24 Apr 2007 00:00:00 -0500

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%.

Tampa Bay FL commercial real estate is strong

Mon, 16 Apr 2007 00:00:00 -0500

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.