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Florida's Housing Market Suffers Setback, New Survey Results Show.
AScribe Business & Economics News Service, June, 2007
Byline: University of Florida
GAINESVILLE, Fla., June 18 (AScribe Newswire) -- Florida's housing market, thought to be stabilizing earlier this year, deteriorated in the latest quarterly survey conducted by the University of Florida, a situation likely brought on by uneasiness about lending practices, insurance rates and the state's property tax structure.
"Like the graying skies over the state tainted by drought-driven brush fires, the mood for Florida real estate has grown more somber since January," said Wayne Archer, director of UF's Bergstrom Center for Real Estate Studies. "Perhaps the implications of the subprime 'meltdown' are creating a disquieting haze; perhaps anxiety over property taxes and high insurance rates are shrouding Florida's...
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