The national, state and local economies have pretty much “bottomed out,” and a gradual recovery is now likely, a prominent Florida economist said Friday. (more…)

It was inevitable, based on the economy’s cyclical nature, that the runaway in Marion County and the rest of the Florida housing market would ease. (more…)

Sales of existing homes statewide in April continued to tumble from last year’s levels, and the Ocala housing market was no different. (more…)

While existing-home sales in the Ocala area last month continued to bounce back, the number of homes sold was down 33 percent from the same month a year ago, when local real estate was red hot.

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The bad credit Florida mortgage crisis and tighter lending criteria may lead to the first dip in the median price for existing homes since 1968.

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