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Special Report
Northwest Fla.: How Bad Is It?
[Photo: U.S. Army] |
‘Well-Funded’
“The defense business is well-funded because of increased demands for modern equipment to support military operations. We have 370 employees now, up from 300 a year ago and expect to have 400 by year-end — average pay, $35,000. We make the electronics for armored vehicles, to keep our soldiers out of harm’s way. We’re impacted by the economic downturn, however,
Rob Cowan |
— Rob Cowan, human resources manager, General Dynamics Land Systems, Tallahassee
Economy
Most Indicators Are Down
“Single-family home sales in August compared to a year ago were down between 22% and 45% in the region’s four metro markets. Except for the Fort Walton Beach area, August declines were greater than year-to-date decreases, suggesting we still have some distance to go before we exit the slump.
Rick Harper |
of the state.”
— Rick Harper, director, Haas Center for Business Research and Economic Development, University of West Florida, Pensacola
Existing-Home Sales | ||||
Metro Area | August Sales | 1-Yr. Chg. | August Median $ | 1-Yr. Chg. |
Fort Walton Beach | 223 | +2% | $203,900 | -10% |
Panama City | 96 | -29 | 192,300 | -3 |
Pensacola | 288 | -31 | 154,400 | -8 |
Tallahassee | 156 | -42 | 186,700 | -10 |
Source: Florida Association of Realtors |