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:http://www.wuft.org/news/files/2011/12/Becker1.mp3]
He says high unemployment and foreclosure rates have pushed occupancy in rental apartments up.