Strong Economy Aside, Florida Homeownership Hits Bleak Milestone

Sep 24, 2018

While Gov. Rick Scott campaigns on the strength of Florida’s economy, there is no mention of a bleak milestone the state just reached — a record low homeownership rate.

From the soaring pre-recession days, when easy credit pushed housing numbers to new highs, the percentage of Florida households owning homes has now plunged to its worst level ever seen, with data going back more than three decades.

State economist Amy Baker delivered the news this month to the Legislative Budget Commission as part of the state’s three-year financial outlook.

Read more at the Palm Beach Post