Uncertainty keeps Florida real estate down

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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:https://www.wuft.org/news/files/2011/12/Becker1.mp3]

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.

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