August 9, 2022

Wednesday's Daily Pulse

What you need to know about Florida today

Will Short Gorham | 9/19/2012

Florida home prices may have bottomed earlier than previously thought

A new home sales measure says Florida prices hit a soft bottom in 2009, years earlier than what some experts have declared as the low point for real estate. The measure, similar to the respected national Standard & Poor’s/Case-Shiller price index, was created by Florida Realtors Chief Economist John Tuccillo to be a more accurate reflection of sale prices in the state. [Source: Palm Beach Post]

» In Southwest Florida and nationally, builders feel things are looking up
» Builders upbeat about market for new homes
» Silence on U.S. housing doldrums makes candidates sound alike

Related Florida Trend Archived Content
» Real Estate Price Points

Gov. Scott says education is top Florida priority

Following a weeklong “listening tour” of Florida schools, Gov. Rick Scott said Tuesday he will name a panel of five superintendents to recommend cutting regulations and red tape that distract teachers in the classroom. Scott said his tour – which ended Monday in the Panhandle – has given him a new appreciation for how education goes hand-in-hand with his goal of job creation. Read more from the AP and First Coast News and the Palm Beach Post.

Lawsuits over worker pay rise as economy struggles

A recent lawsuit accusing Orlando-based Darden Restaurants of underpaying servers is one of a growing number of legal actions by workers who say their employers have shortchanged them. Employees filed more than 7,000 federal lawsuits commonly known as wage-and-hour cases during the past year, records show. Such actions have climbed steadily since 2008 and more than tripled since 2002. [Source: Orlando Sentinel]

» Workers grill Darden's CEO at shareholders meeting

More Florida companies try to cancel mortgage debt with lawsuits

More companies are jumping into the land trust business. At least two new firms in Florida are trying to cancel mortgage debt with lawsuits that lenders call “baseless” and “nonsensical” but that some borrowers say are their last chance at keeping their homes. [Source: Palm Beach Post]

New study warns of a much fatter Florida

A new national report calling for more urgent action to prevent obesity outlines a stark future in Florida: If we do nothing to curb current trends, the percentage of obese adult Floridians is projected to explode from 26.6 today to 58.6 percent in 2030. [Source: Sarasota Herald-Tribune]


› Jacksonville company takes bite out of crime with global sales
The characters on the “CSI” television police drama could only dream of having all the gadgets offered by SOHO Network Solutions.

› Aircraft to be built in Brevard after $28m Chinese city purchase
About 100 jobs will be created in Melbourne by a $28 million purchase of small aircraft and helicopters by the city of Wutan, China.

› Tampa Bay's economic recovery looks healthier compared to other metros
The bay area's economic recovery ranks 30th among the 100 largest metros in the country, with a big drop in its unemployment rate largely responsible for pushing it into the top third.

› American Airlines laying off 1,414 in Florida
American Airlines on Tuesday warned of plans to lay off 1,414 employees across Florida this fall as the carrier's labor showdown intensified.

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Florida Trend Video Pick

Ybor City restaurant set to close after 93 years
Ybor City restaurant set to close after 93 years

After 93 years, Tony's Ybor Restaurant will be closing early next month. Larry Scaglione says his grandfather started the restaurant off 22nd Street in 1929.

Video Picks | Viewpoints@FloridaTrend

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