Since the end of World War II, Florida's population has known only one direction . . . UP. That all changed last year when Florida's population dropped by 58,000 according to the University of Florida Bureau of Economic and Business Research.
Why? Easy answer . . . the end of the housing bubble means tens of thousands of jobs tagged to construction, mortgages and real estate have moved on to greener pastures. Florida's troubles are nowhere near over. As the unemployment rate rises in the other 49 states, that means less people visiting Florida for vacation. Less visitors means fewer jobs for Floridians relying on tourism and all of the industry that feeds the tourism industry.
Unemployment in Florida has jumped from 3% in 2006 to more than 10% today. In fact, when you consider the true unemployment number in Florida it is closer to 20% than 10% in some hard hit areas like Cape Coral, Port St. Lucie and Miami.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a home or condo. For additional information please call me 772-260-5448 or visit our website http://www.floridahomes.pro/
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Wednesday, August 26, 2009
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