
Investment outlook on real estate has plunged to the lowest levels seen as far back as 30 years ago, according to the Florida real estate trends quarterly survey which got 381 responses from leaders and professional advisers in the real estate industry. Occupancy rates also have bleak prospects as more large superstores are following the steps of Linens ’n Things, Circuit City and Sound Advice.
Residential real estate is not an exemption as Florida home prices are seen to continue falling. RealtyTrac reported last week that Florida had 385,309 units closed, posting 133 percent increase from 2007 and 412 percent from 2006— the second highest rate of foreclosures in 2008. UF…
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