Economic Forecast For Manatee County -- Just Released

Feb. 21, 2006. We attended the annual Economic Forecast Breakfast hosted by our local Chamber of Commerce. Our interest is knowing which way is the housing market headed.

Two questions are on everyone's mind: (1) Is there a real estate bubble in Florida?, and (2) Is there a real estate bubble in the Sarasota - Bradenton market? The answer is yes, and somewhat. Statewide housing starts are outpacing demand creating a top heavy market and causing a pull back in the real estate market. This is especially true in a few hot markets like Miami and Ft. Lauderdale.

Locally, here in the Sarasota - Bradenton market housing starts are also higher than population growth, but not so high as to create a bubble. We are experiencing a soft-landing in our local real estate market.

Would you like a copy of the Power Point slide show in pdf format? We will be happy to send you a copy. You will need the Adobe Acrobat reader which you can download for free at http://www.adobe.com/products/acrobat/readstep2.html

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