Continued Job Creation Benefits Home Sales

Florida’s economy outperformed the nation last year partly because of better job creation, according to several economists who spoke during the Florida Realtors 2017 Mid-Winter Business Meetings.

National Association of Realtors Chief Economist Lawrence Yun noted that interest rates are trending higher. However, as they rise, job creation – which in Florida exceeds the national average – could be a great neutralizer and good for home sales.

Elliot Eisenberg, a nationally-known economist, said Florida is doing fine economically, has average unemployment and a diminishing foreclosure rate. More market news will come when Florida Realtors releases new data on Feb. 9.

– Carrie Patrick, CoreMessage, Inc.