CNN Money: Nearly one in five Florida homes is vacant

The Census Bureau revealed that 18% ,or 1.6 million of Florida's homes, are sitting vacant. That's a  63% increase during the past decade.

Is it a coincidence that's about the same amount of time the GOP has been in power in Florida? 
 
The banks and corporations created the problem when Florida speculators drove the prices of Florida homes up more than one third in a year or two. The Bush Ownership Society finished the job on Florida's real estate market when the Great Recession started in 2007. 
 
According to the Florida Association of Realtors the median price for a Florida home sold in January was  $122,000, . That was down seven per cent  from the prior year and less than half the price at the peak of the market.

Celia Chen, a housing market analyst for Moody's Analytics predicts that not only will prices fall another 11%, she said, but the bottom won't hit until the second or third quarter of 2012. 
 
source: http://money.cnn.com/2011/03/18/real_estate/florida_vacant_homes/

chart source: CNN

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