Jacksonville's Financial News and Daily Record

Jacksonville's Financial News and Daily Record: "A strong labor market, continued low mortgage rates and a growing economy set the stage for a 7 percent increase in existing single-family home sales in Florida in May, with a total of 24,069 homes sold statewide compared to last year�s level of 22,496 homes sold, according to the Florida Association of Realtors.
�Sales of existing single-family homes across Florida are maintaining a healthy pace,� said David Scott, executive director of the Dr. Phillips Institute for the Study of American Business Activity and professor of finance at the University of Central Florida (UCF). �Such sales rates are sustainable in an expanding national economy and Florida posts some of the strongest business conditions indicators in the U.S. Florida�s labor market, for example, is one of the firmest in the country.�"