Household incomes fell in five U.S. states in 2008, Census says

Sept. 22 (Bloomberg) -- Five U.S. states that were among the hardest hit by job losses and the construction slump also had declines in household incomes during the first year of the recession, according to a government report.

Arizona, California, Florida, Indiana and Michigan all saw median household incomes drop in 2008, the Census Bureau said yesterday in an annual report. Only one state had a decline the previous year.

Tallahassee area the exception in state's population decline

The most vivid sign of Florida's fight against recession came in August with the news that the state's ever-rising population declined in the 12 months ending April 1. Preliminary estimates show a drop of 58,000 in a state where growth has fueled the economic engine for more than 60 years.

The Tallahassee metropolitan statistical area, however, gained population during the same period. Wakulla County's increase of 3.5 percent to 31,791 was the most dramatic.

For Florida, 'end of an era' of population growth

FORT LAUDERDALE — Cruise up coastal highway A1A. Take in the sea breeze, the sand and surf shimmering in the sun, the palm trees swaying beside luxury high-rise hotels, shops and cafes. The idyllic image helps explain why millions have come to Florida to play, and millions have come back to stay.

Home prices drop 41.5% in 3 years

BROOKSVILLE - There has been a 41.5 percent decline in the average sales price of a single-family home in the past three years, according to new information from the property appraiser's office. That is a "sobering" statistic, said Nick Nikkinen, director of special projects for the property appraiser's office. Property Appraiser Alvin Mazourek said he has been property appraiser since 1997, and this is the first year he's seen any significant value drops in terms of home prices that affect tax assessments. "I've never seen the market like this," he said.

Florida's population dropping with its home prices

Florida’s population, which has been rising year after year since the end of World War II, fell for the first time this year, according to the demographers at the University of Florida.

Good news about housing and stocks lifts Florida’s Consumer Sentiment

GAINESVILLE, Fla. — Rising housing prices, stock market gains and the lack of any new setbacks in the national economy boosted Florida’s Consumer Sentiment three points to 70 this month, according to a new University of Florida survey.

Does Edgewater really need more homes?

EDGEWATER - Kirk Ferguson has been trying to sell his three-bedroom home for two years.

The former electrician has been looking for a larger home to accommodate his larger family, but can't buy anything until he can sell his current home, located within walking distance of the Intracoastal Waterway.

Even after Mr. Ferguson lowered the price of his home to below what the Volusia County Property Appraiser said it is worth, there haven't been any takers.

And it's no surprise.

Florida’s Consumer Sentiment jumps six points as housing signs improve

GAINESVILLE, Fla. — Consumer Sentiment among Floridians surged six points to 71 in April amid indicators of flattening housing prices statewide and news that the economy has not worsened, a new University of Florida survey finds.

“The size of the increase comes as somewhat of a surprise,” said Chris McCarty, director of UF’s Survey Research Center at the Bureau of Economic and Business Research. “We had expected confidence among Florida’s consumers to move up and down in a fairly narrow window from the low to the upper 60s.”

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