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Florida's Real Estate Improvement?

6:28 AM, May 17, 2012   |    comments
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GAINESVILLE, Fla. - A survey of real estate professionals shows Florida's market outlook improved in the first quarter of 2012.

The University of Florida released the results this week.

Respondents said they felt optimistic because of the falling unemployment rate and increased activity in rental housing.

Florida's jobless rate dropped from 9.9 percent in December to 9 percent in March.

The university's Commercial Real Estate Sentiment Index reached its highest level since 2007. It measures respondents' own business outlook.

Officials at the university's Kelly A. Bergstrom Center for Real Estate Studies attributed that increase to an improving economy and lending environment.

A total of 189 real estate analysts and investors participated in the survey.

They were worried, though, about future uncertainties including federal spending cuts and tax reductions that may expire.

First Coast News

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