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Old 02-24-2012, 12:30 PM
378 posts, read 721,946 times
Reputation: 288


Yes Florida has the most foreclosures in the nation right now, but is 18th on the list for new borrowers entering default. The light at the end of the tunnel is closer. Prices in some areas are holding ground while a few are increasing despite all the foreclosures. If Europe holds together and Iran doesn't cause gas to go to $5, I think this year will be the last year for bargains in most of FL. Next year I think FL home prices will rise faster than most ever would have expected.
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Old 02-24-2012, 12:45 PM
Location: Palm Bay, FL
334 posts, read 982,211 times
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I'm involved with college recruiting with my company. I will say this - last year, the job fairs I attended had more hiring companies than I've seen in many years. This school year it was even more crowded. Even the marginal students all have 2 or 3 offers already and they haven't even graduated yet! We hire mostly engineers so I can't speak for the rest of the economy, but for engineers just coming out of school, they basically have their pick of jobs. It's become extremely competitive from a recruiting standpoint, especially for CS and Computer Engineering students.

This is nation-wide. I can't speak specifically for Florida's economy since these job fairs have companies from all over the country attending.
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Old 02-28-2012, 11:28 AM
378 posts, read 721,946 times
Reputation: 288
Originally Posted by JohnVosilla View Post
I think this recession is ending and the global economy booms again by 2014 unless some unforseen oil shock or political blunder spoils the party. By then pent up demand will have built up for seven years, balance sheets of most consumers shellshocked by the financial collapse of 2008 will have caught up with corporations, the housing market will have cleared out most of the shadow inventory and new drivers to sustained high job creation will take center stage
I agree, things are looking up for Florida. The state might have the most foreclosures of any state right now, but new defaults are down. There are 18 other states that have more homeowners just starting to default, than FL. I think this is the last year of the best bargains and prices will rise faster than most are anticipating right now. Bets are off if war in Iran, Europe melts.

Last edited by alfbroker; 02-28-2012 at 11:29 AM.. Reason: edit
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