Florida Real Estate loan declines

Here is some recent information reported from Whitney Holding Corp. a conglomerate with a number of financial holding corporations.  It is an interesting observation of the general decline in the
South Florida real estate market and the effects on markets such as Ft Lauderdale property management, realtors, mortgage brokers.

Loans at the end of Q2 of 2007 were up 7% compared to 2006. The majority of the loan growth between these periods was supported by market conditions in Texas, Alabama and Louisiana markets outside of downtown New Orleans. At June 30, 2007, loans had grown to over $1 billion.  A decline of approximately $100 million in loans from Florida was not unanticipated in lieu of market conditions that are holding back the growth of new real estate financing in Florida.  So even as other areas are starting to see some growth the Florida real estate market is lagging. RepublicPM  Property Management Fort Lauderdale

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