Florida Economy and Real Estate

real estate activityDid you know that if Florida were an independent country, it would rank as the world’s 15th largest economy?  The gross state product reached an unprecedented $594 billion in 2005 and real estate activity accounted for 44% of that total ($263 billion).  Real property… building it and buying it… directly provides jobs for 769,000 Floridians.  That impact outpaces the contributions of other Florida industries — including tourism, which contributed an estimated $62 billion to Florida’s economy in 2005.

Source: ©Florida Association of Realtors®