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.