Banking On Florida
That’s what the big banks, Wells Fargo and Bank of America, are doing. Florida’s real estate market has been growing faster than the rest of the country because home values took such a beating and led us into the housing mess.
“Geography matters. History shows states can slip into long-term underperformance. From 1991 to 2008, Pennsylvania and Ohio posted average annual growth-domestic-product growth of 2% and 1.7%, respectively, well below the 2.8% national average.”