Florida still holds the title as the hottest market in the Southeast for home prices, soaring nearly 27 percent last year, according to an analysis report issued by the Federal Deposit Insurance Corp. The median price for a home in Florida rose by a record rate of $56,000 in 2005. Leading the pack was Naples at $113,000 in appreciation last year. The overall report also shows healthy job creation across the region. Florida is generating jobs at the fifth-fastest rate in the nation and tops in the Southeast. Construction, retail and temporary jobs are multiplying the most, creating pockets of worker shortages in southwestern parts of the state. As a result, the state has the third-best unemployment rate in the United States.
Source: The Florida Times-Union, (04/06/2006)
Friday, April 07, 2006
THE SUNSHINE STATE SIZZLES
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