South Florida residential market won’t rebound until 2030

From the South Florida Web site: The South Florida residential real estate market will not rebound to previous highs until 2030, according to a Moody’s Economy.com prediction. The forecast made something of a stir when it appeared deep in an article on community development districts in Business Week Monday (see chart on the forecast after the jump). While Moody’s Economy.com was under a contractual obligation not to release the specific data it had supplied to Bloomberg, it provided The Real Deal with data that supported a reasonably similar forecast -- a peak to trough price trajectory that tells of a long road ahead for Florida real estate.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.