·        “Florida bouncing back, and recession not likely” – according to a recent Wells Fargo report.  Wells Fargo’s outlook sees South Florida and Tampa leading the rebound in hiring this year and economic growth to hit 2.2 percent next year in Florida.

·        The Sunshine State is still drawing tourists, 7 percent more in the second quarter than a year ago, in fact.

·        The REALTrends Housing Market Report showed that the combination of new and existing home sales in August 2011 increased from 4.478 million in July 2011 to 4.901 million in August 2011 and increased 21.1 percent from the year ago rate of 4.048 million.

·        Mortgage rates hit record low of 4.12% for 30-year fixed loan.

·        Existing home and condominium sales throughout Florida experienced an upswing in the second quarter of 2011 compared to the same period last year.  Existing home sales rose 1 percent with a total of 52,421 homes sold statewide. Statewide sales of existing condos in the second quarter rose 14 percent compared to the year-ago sales figure.

Family room from dining room, 8174 Eagles Park Dr N, #7489540, photo by Annalisa Weller

These headlines were taken from our weekly Prudential Tropical Realty newsletter sent by the owners Dewey & Allen.  Sounds good to me.

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