Monday, July 23, 2007

My Home State Hurtles Towards a Recession

This past weekend an unfortunate article was released from more sources than I can count, stating that Florida's economy is about to undertake a frightening recession. According to Dean Foust of BusinessWeek online, construction and housing accounted for nearly 20% of all jobs over the past few years and now, as some states have been slipping into a housing slump with Florida as a front-runner, those jobs have now been lost.

Its difficult to assess where the market in Florida stands at this point. My entire family resides in Florida or New Jersey, both of which have undergone significant changes during the course of the last few years.

If you or anyone you know resides in a state having more difficulty than we are having in our area please let me know.

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