The Future Of Florida Real Estate According To The Numbers

There is more buzz growing around the Florida real estate market. For the past few years real estate executives have been weary, or cautious about the Florida market.

Over 70 percent of Florida real estate executives think that now is horrible time to try and develop new condos. Half of those also believe that is a bad time to be building new single family homes.

The University of Florida Bergstrom Center for Real Estate Studies conducted a survey that did not produce positive results for those fishing to start new projects in Florida.

The survey asked questions of 183 industry executives in July and then again in October. The poll questioned real estate practitioners of what they thought the prospects were for Florida real estate business.

The percentage of respondents who expected the single family home prices to drop doubled from July to October.

The numbers weren't quite as staggering for condos but the numbers did climb from 38 percent in July to 44 percent in October.