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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (266484)12/29/2005 6:20:56 PM
From: tejek  Read Replies (1) of 1574273
 
RE:"Now FLA's housing price growth is primarily centered on Miami and Fort Myers."

You're misinformed.

Really? Here's some facts......you know what they are:

First, Miami, Port St. Lucie [Palm Beach] and Fort Meyers-Naples metro areas are considered the metro areas in FLA with some of the most overvalued housing:

Fort Meyers-Naples: 62% overvalued
Port St. Lucie: 58% overvalued
Miami: 48% overvalued.

All three are in the top 25, overvalued metro areas in the US, out of a total of 229 metro areas. You know how medians in metro areas get significantly overvalued......they experience a large runup in housing prices in prior years.

usatoday.com

For the 12 months ending June 30, 2005, Fort Meyers was second in the nation for home appreciation at 45%; Miami was 6th in the nation at 32%.

As of 2005, Miami had the largest, median housing price in FLA at $371K; Fort Meyers was third at $267K and Sarasota was second at $367K. Sarasota had a housing price growth of 34% for the 12 mos. ending 6/30/2005.

money.cnn.com

And now for a little extra........so that if you still have any confusion as to why housing prices have appreciated very quickly in FLA, you will no longer have to wander in the desert.

For the year ending June 30, 2005, FLA had the largest population growth of any state in the union.........404K.....an increase larger than the state of CA which is the largest in the union and more than double the population of FLA.........33 million vs 15 million. CA clocked in with only 290K new residents.

And you're surprised that housing prices are going up so fast in FLA. And then look at you trying to blame poor Clinton. Shame!

BWT no need to thank me. I am glad to teach you a little something about real estate. ;`)

usatoday.com
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