Florida Realtors see silver lining in dark cloud
Housing is hurting, but you can always count on the Florida Association of Realtors to supply some soothing balm.
In a barrage of press releases Thursday, the Orlando-based group suggested real estate's recovery will be driven by three forces: Florida's continuing popularity with foreigners, its stronger-than-average job creation and the retirement of baby boomers seeking warmer climes.
"We are in for a retiree boom, and we are in the right place for it," said Patricia Osborne, a Realtor in New Port Richey.
FAR noted that about 10 percent of Americans will retire in the next decade. Yes, it's talking about the vaunted baby boomers. And it quoted University of Central Florida economist Sean Snaith, who predicts 2008 will be a strong year for the state's economy - outside of home building, of course.
A crisis of confidence in real estate, combined with stingy credit, has produced the worst Florida housing sales in a decade.
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Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
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