Zillow: South Florida homes to gain $83 billion in value
In more residential news, home prices have been holding steady but control is sliding back to the buyers. You might be thinking why all this residential news?? You are a commercial guy, why do you care? Remember, the commercial market is about 6 months behind the residential so it is future indicator of sorts And most people here have all their wealth tied to their homes, so when the market is good they are spending money and the economy is good. Another mixed message here, probably reflecting an economy that is also a true mixed bag.
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