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Monday, February 18, 2008

Florida Real Estate Recovery Likely Will Be Slower

Orlando, Fla.--Although U.S. real estate might bottom out this year, the Florida housing market will most likely take longer to rebound, according to economists who spoke Wednesday at the International Builders' Show in Orlando, Fla.

Although some states--such as North Carolina--are doing much better than the rest of the country's real estate markets, Florida is currently undergoing a sharp price correction from the high home prices and sales it experienced during the housing boom, the Palm Beach Post reports.

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