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Florida industries grapple with inflation and rising prices

NOVEMBER 4, 2021 | by Jay Cridlin | GOVERNING

By Jay Cridlin (Tampa Bay Times), includes “… Inflation hasn’t slowed Florida’s booming housing and real estate industry, even as costs keep rising. But that has ripple effects, especially in a state where the median household income sits below the national average. ‘First-time homebuyers are having issues buying their first homes because prices are just raising to stratospheric heights,’ Omodunbi said. That leads more people to rent longer, spending money but no longer building up equity. …” (Note: I was skeptical of the Florida median household income claim, but then I looked it up.)

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