|Published:||Dec 12, 2013 1:26 PM EST|
|Updated:||Dec 12, 2013 1:26 PM EST|
CAPE CORAL, Fla.- Here in Southwest Florida, the economy seems to be taking a turn for the better. A new study shows one of the most vibrant job markets in the country is right in our backyard. Meanwhile, foreclosure filings are far less than the state average, and are continuing to decline from earlier this year.
New foreclosure numbers show the overall crisis is continuing to fizzle out. A new report from Realty-Trac shows national foreclosures were down 15 percent in November, the biggest drop in three years. One in every 392 homes in Florida received a foreclosure notice in November, Although Lee, Collier and Charlotte counties stayed out of the top five across the state.
Charlotte County fell right below the state average, with one in every 382 homes getting a notice. Collier cut that number in half, with one in every 767 homes receiving a filing. In Lee County, one in every 673 homes received a notice, with the most in Cape Coral at one in every 491 homes.
Some good news for the Cape is coming through in job growth. A new employment outlook survey has Cape Coral tied for third as one of the most vibrant job markets in the country. The city tied with Austin, Texas, with a net 20 percent of employers expecting to hire in the first quarter of the year. The Cape Coral/Fort Myers area actually topped the list last year.
According to Forbes, our area was boosted by the recovering housing market and a low density rate, leaving plenty of room for growth. That report also shows the housing recovery has helped restaurants and retail businesses. And of course, with national corporations, like Hertz, making the move to Southwest Florida, the local economy is seeing a much-needed boost in housing and job growth.
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