Tight supply and pent-up demand lead to rise in Florida home sales, prices

Florida's housing market reported higher median prices and fewer days to contract in June as the market sees pent-up demand and paucity of inventory. Closed sales of single-family homes statewide totaled 27,086 last month – slightly higher (0.4%) than the June 2015 level of 26,973 closed sales. More from Builder and the Sarasota Herald-Tribune.

See also:
» Tampa Bay home prices continue to skyrocket this summer
» South Florida home sales fall in June
» Orlando top 'buy' market for apartments
» Home prices up across Broward, Palm Beach counties
» Strong showing for Brevard home sales
» Non-Distressed Miami Homes Register Double-Digit Sales Growth in June

Florida Trend Exclusive
Using play time to bolster business

If game rooms are an economic indicator, prospects look good at Florida’s Best Companies. One in five on our list has a game room or at least a game table. Suppliers say there’s been a post-recession increase in companies spending on games. Read the full story from Florida Trend, here.

» Related: Best companies To Work For In Florida

Between the booms: Private aerospace industry driving post-shuttle economy

The decision to retire the shuttle happened back in 2004 under President George W. Bush. That decimated the Space Coast economy. So how would the Space Coast bounce back from such an economic hit? The answer: private industry. [Source: WMFE]

Trader tax battle of the states: New York vs. Florida

Traders have unique tax issues on state and local income tax returns for business entities and individuals. Moreover, state and local tax regimes vary significantly. Florida does not tax S-Corps, or LLC’s filing as a partnership unless the LLC has a corporate owner. [Source: Forbes]

Worrisome resistant bacteria found in Florida sewage

Researchers in Florida have detected the presence of antibiotic-resistant bacteria in samples taken from water and sediment after a 2014 sewer-line spill. [Source: CIDRAP]

ALSO AROUND FLORIDA:

› Ex-Trump University executives are now guiding a Tampa academy [Tampa Bay Times]
Two current executives of a Tampa-based health care career academy previously served as executives at Trump University, the now-shuttered institute founded by the Republican presidential nominee that is being sued by former students and the New York state attorney general alleging it engaged in fraudulent, illegal and deceptive conduct.

› Additional $5.6 million issued to fight Zika in Florida [WTXL]
Florida could be getting another $5.6 million in federal funding to assist in the fight against the Zika virus. The White House reported in a news release Wednesday that President Barack Obama spoke by phone with Florida Gov. Rick Scott regarding what might be the United States' first non-travel-related Zika case.

› Florida group buys six NJ radio stations for $240 million [Asbury Park Press]
Beasley Broadcast Group Inc. has agreed to buy Greater Media Inc. for $240 million in cash and stock, the companies said Wednesday, in a deal that gives the company six New Jersey radio stations.

› JAX Chamber awarded $40,000 for higher education efforts [Florida Times-Union]
JAX Chamber landed a $40,000 award for one of its programs designed to enhance higher education and training for the local workforce.

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› Celebrate Florida agriculture and natural resources by cheering on the Gators [Southeast AgNet]
Farmers, ranchers, landscapers – and everyone in between – are invited to celebrate Agriculture and Gardening Day at the University of Florida’s homecoming football game, Oct. 15, 2016.

› Florida cannabis business ready for sales [Fort Myers News-Press]
A north Florida grower has won the state's first approval to process and dispense medical marijuana to the limited number of patients who qualify under existing rules.

› Jacksonville Mayor Curry appoints Bestbet president to JaxPort board [Florida Times-Union]
Mayor Lenny Curry appointed Jamie C. Shelton, president of Bestbet Jacksonville, to the Jacksonville Port Authority board. Curry appointed Shelton after the recent resignation from the board of John Rood, the former ambassador to The Bahamas and chairman of the Vestcor Cos. Inc.

› Free start-up business events at Innovation Hub [South Florida Sun-Sentinel]
Free events for those who want to start a business are scheduled this month at the Innovation Hub at Broward College. Serial entrepreneur Michael O'Donnell will be among the teachers of the course, which is part of CareerSource Broward's Start-Up Now program.