Friday, December 29, 2006

Market Improvements and Issues

From the Northwest Florida Daily News-
Realty Group See 2007 Improvements, But Worries About Insurance Crisis.
By Kari C. Barlow
Fort Walton Beach- Steady and stable. That's the kind of housing market the Emerald Coast Association of Realtors expects to see in 2007. No feeding frenzy or record-breaking deals, jsut consistent and dependable turnover. "Sales are down compared to 2004... but we've seen sales steadily picking up," said Barry Stafford, the association's chief operating officer.... In 2006, residential sales in Santa Rosa, Okaloosa, Walton and Bay counties-- including condos and townhomes-- were down by about 20 percent from 2005, according to recent Association of Realtors statistics. However, those same numbers show that residential sales in the four-county area in November were up 33 percent from November 2005. As the new year begins, the realty association is focusing much of its attention on the residential and commercial insurance crisis looming over the state. "Insurance is a major obstacle right now to home ownership," Stafford said. "That's one of our major issues we'll be working on this year.".... Stafford said association has plans to monitor closely the upcoming legislative session on insurance.

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