Florida's enjoying a cautious economic recovery
which includes data on population, age, income and more
By all economic indicators, Florida is bouncing back.
Visitor counts are up from the Panhandle to Miami. The supply of homes for sale is approaching more typical levels — home sales in Miami hit a record last year. Companies are hiring, expanding and relocating throughout the state. Consumer bankruptcies are down — in most regions by double digits. Manufacturing is getting stronger in the Southwest and Southeast and in other regions as well.
But the nascent recovery is fragile. The prospect of even more foreclosed homes is casting a pall over otherwise encouraging signs. Declining tax revenue is still squeezing government budgets, and many municipalities are continuing to waive impact fees to encourage development. And, of course, there are still too many people without jobs around the state. To a large degree, Florida’s recovery will hinge on improvements in the national economy overall.
Nonetheless, signs over the past year or so are, as Mike Reagen of the Greater Napes Chamber of Commerce says, "flickers of light on the horizon that things are incrementally getting better."
• Treasure Coast
• Tampa Bay
• Space Coast
• North Central
• Big Bend
$1,000,000 home in Delray Beach.
» The Rise and Fall of the House on 96th Street
The ups and downs of a home's value in south Florida tell the story of the state's broader real estate market over the past decade.
» A Return to Standards
Borrowers are finding it tougher to qualify for a mortgage, but experts say banks are simply returning to historic standards.
» Hardest Hit Fund
Florida homeowners who applied for money from the Hardest Hit Fund (as of Jan. 6)
» Real Estate Price Points - Interactive Gallery
What kind of home can you buy in Florida for $200,000, $500,000 or $1,000,000? For each community listed, representative homes will be shown that demonstrate what different dollar amounts will currently buy.