Home / Development / Uncertainty keeps Florida real estate down

Uncertainty keeps Florida real estate down

By

A slump in the real estate market is expected for a second consecutive quarter.  A survey from the University of Florida Bergstrom Center for Real Estate says real estate experts and investors see a glum future in most of the real estate markets in Florida.  Center Director Tim Becker says economic uncertainty is to blame.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

He says high unemployment and foreclosure rates have pushed occupancy in rental apartments up.

About Ethan Magoc

Ethan is a journalist at WUFT News. He's a Pennsylvania native who found a home reporting Florida's stories. Reach him by emailing emagoc@wuft.org or calling 352-294-1525.

Check Also

Sarah Crooks, an assistant membership supervisor, greets YMCA members when they enter. She said the recent bankruptcy has re-inspired her.  (Monica Humphries/WUFT News)

North Central Florida YMCA Pushes To Raise $1.5 Million In Order To Avoid Closure

The YMCA of North Central Florida is scheduled to close Jan. 31 unless it raises $1.5 million, and a final fundraiser Saturday aims to get the facility closer to its goal.