- December 25, 2021
- Posted by: Stratford Team
- Category: Economy
ST. PETERSBURG, Fla. – The pace of inflation and job growth caught a lot of economists by surprise this year. But UCF economist Dr. Sean Snaith has accurately projected the trends in Florida through the pandemic.
He’s one of Florida’s leading and best-known economists, and he recently shared his expectations for Florida’s economy in the coming year with FOX 13’s Craig Patrick.
Addressing the rapid price increases along the I-4 corridor, Dr. Snaith ties it to a shortage of available homes – made worse by disruptions in the supply chain – but he expects the pace of rising prices to slow down.
“The ability to get raw materials or appliances is slowing down progress on new construction, and inventories are at record lows right now, and so that’s been feeding this rapid price appreciation that we’ve seen for the past several years,” he explained. “But the affordability issue – when you see prices rising 10, 15, 18 percent year-over-year…
