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Regions Financial Corporation Message Board

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  • c1smittycc c1smittycc Jun 22, 2010 9:15 AM Flag

    Florida Home and Condo Sales Volume and Prices Rise!-Link

    Majority are investors and or buyers using gov downpayment. Rentals are empty everywhere.

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    • I just got back from Florida. Rentals are full. Homes are selling and are occupied. Consumers are spending.

      • 1 Reply to greatpl2010
      • U cud be right. Here are stats took from reality news reports. Foreclosures are up in Fl and they remain in top 5 in nation. Price reductions are up10% and units sold are down 14%%. According to commerced dept unemployment is up in Fl though Feds say down due to people giving up search. Units not rented in both private and commercial is up. Also Fl reports tax receipts are substantially down. This is comparing 09 May with 2010 May. Most info is taking from chambers of commerce not fed reports. Chambers of commerce reports are used by companies to predict inventory demands in there sectors of business. There reports have infuriated those who prepare and trumpet gov stats quite often. The 2% drop in sales of homes reported in todays headlines also substantiates posted comments. Added to this is 500,000 homeowners that the gov was involved with refinancing, the home owners have reneged on the deals. Again, u still cud be right, but I just don't see how. JMHO GLTA

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