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I'm a Minnesota Girl, living in the south. I tell my friends I try not to talk and think like a Yankee, but sometimes I slip up!

Wednesday, July 29, 2009

What's Up With the Tampa Bay Economy

We're starting to see signs of life here.

After spending a lot of time in the 10 worst housing cities for decline in America (we are probably still there), we learned this week that home sale prices in Tampa Bay were flat from April to May, with no decline. This is the first time in 3 years!! From May 2008-April 2009, prices declined a total of 20.8%. No movement upward in prices is predicted until 2nd quarter 2010, but we are breathing sighs of relief.

Bad news is still on tap for Las Vegas, Phoenix, Miami and Seattle. They are the four major cities is the US where prices continued to decline in May 2009.

50+ police officers will be hired/rehired in the quad county region around TB. Stimulus money will be used for the first 3 years of salary. The counties/cities agreed to fund the 4th year of their employment. Hopefully, by 2013, the need for the officers and the funds to keep them will be available when we are back on our feet.


Marion said...

I hate to hear that about your hometown. I'm not sure about or local economy except that I'm not contributing much to it! LOL! But as we drive around, we do see lots of new home construction and little shopping centers and even new banks going up, so it must be holding its own in these parts. If it gets too bad, come on down to Louisiana. Nice homes are running around 100,000 or less!!! Interesting post, Quid. Hugs and Blessings!

quid said...

OOOOOO ML; it sounds much more hopeful there. My poor beautiful Tampa Bay. The stagnant economy has really dulled its sparkle.