Recent financial crisis fails to hurt confidence in Florida real estate
The national economic crisis has failed to rattle Florida real estate
experts, who, despite serious concerns about the availability of financing,
remain surprisingly calm about market conditions within the state, a new
University of Florida survey finds.
The most recent quarterly survey of Florida real estate trends, which was
completed in September, shows the investment outlook for various types of
properties remains steady, according to Wayne Archer, executive director of
UF’s Bergstrom Center for Real Estate Studies.
“People who have responded to our surveys have not lost their faith in
Florida as a place to be and a place to invest,” he says. “We have 40 pages
of comments from our respondents, and although the dominant theme is the
disruption of financing, perhaps the second theme, as one person put it, is
people being on the sidelines with full pads and helmets just waiting to
jump back in.”
Posted: 21 October 2008
Source: Florida Association of Realtors
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