Record Home Prices In Florida May Be Topping Out

16 May 2005 - 10:00am

Costs are going up faster in the state, including Orlando, than anywhere else in the nation.

"The Florida housing market is through the roof," said Mark Zandi, co-founder and chief economist of Economy.com. "It's very frothy and indicates speculation is affecting many markets. It looks and feels an awful lot like a bubble."

Source: The Orlando Sentinel, May 13, 2005
Bookmark and Share
One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.