No Florida recession, Fed index says

By
Real Estate Broker/Owner with Wieder Realty, Inc.
http://actvra.in/lFl

Florida should avoid a recession through the start of 2012, even as some state economies show signs of shrinking, according to a Federal Reserve index.

The Philadelphia Fed’s leading index of state economies showed Florida dropping slightly in August, but still in positive territory. That means the index predicts Florida’s economy will continue growing for at least six months.

A recent report runs counter to predictions that the country is heading for a second recession. Despite better than expected economic growth in the spring, economists still see Europe’s debt crisis, strained government finances and weak confidence from consumers and businesses as threatening the recovery.

Despite a slowdown during the summer, the Fed’s analysis of Florida’s leading economic indicators suggests the Sunshine State will avoid a recession, at least through the start of 2012.

Posted by

Wieder Realty is your best source of information when it comes to Palm-Aire and the surrounding area.

Call us at 954-978-8300 or 888-979-9788

1221 S Powerline Road - Pompano Beach - Florida 33069

(Next to Bagel Snack)

 

Wieder Realty - Your Best Move!

www.Palm-Aire.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Florida
Groups:
All Things Florida
Palm Beach County Pros
Pompano Beach Florida Homes For Sale
Pompano Beach Luxury Condos For Sale
SoFl Rainers
Tags:
florida real estate update

Anonymous
Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,104,096
Bryan Robertson
Catarra Real Estate, Inc - Los Altos, CA
Broker, Author, Speaker

considering the size of the Florida economy and how important the real estate recovery is down there, I'd say this is great news.

Oct 20, 2011 11:06 PM #1
Rainmaker
1,118,621
Kevin B. Tolbert PA Team
Keller Williams Realty of Port Saint Lucie - Saint Lucie West, FL
New Home Construction and Luxury Specialist!

In St Lucie COunty FL, we concur.

Inventory absorbion now under 7 months.

Foreclosures 1/3 less inventory than start of year.

Median prices rose 10% this quarter.

And new construction starts best month in 5 years.

Let's hear from those investors once again.

Oct 20, 2011 11:07 PM #2
Anonymous
Post a Comment
Spam prevention
Show All Comments
Rainmaker
180,945

Randy Harden

www.RERandy.com
Ask me a question
*
*
*
Spam prevention

Additional Information