A new year, but not necessarily a new market

TRD New York /
Jan.January 04, 2010 09:22 AM
South Florida expert panel from left: Ron Kriss of Akerman Senterfitt; Bill Yahn from the Corcoran Group; Cynthia Shelton, president of Florida Realtors; Jack McCabe, CEO of McCabe Research and Consulting; Jay Massirman of Rivergate Companies

From the South Florida Web site: Most of South Florida’s real estate industry won’t be sorry to say goodbye to 2009. Once-ambitious developers saw their empty condos sold in bulk at deep discounts and unloaded incomplete projects in foreclosure auctions or deeds in lieu of foreclosure. Caving under the weight of their troubled commercial real estate portfolios, regional banks failed by the dozens. The indefatigable flood of residential foreclosures bestowed the courts with an unmanageable case load, clogging the system. For homeowners who managed to stay current on their mortgage payments, toxic Chinese drywall rendered many of their properties both dangerous and worthless.

But as the handful of hours left in this tumultuous year for real estate wind down, many are wondering whether 2010 will be any better. The Real Deal turned to a panel of South Florida real estate experts to find out what they’re predicting for 2010.  More

Related Articles

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Corcoran CEO & President Pamela Liebman (Credit: iStock)

Corcoran begins new lead-gen push via Facebook ads

Bill Cunningham and Citi Habitat's Gary Malin. The longtime president of sales is leaving the firm.

Corcoran shakeup: Bill Cunningham out; Gary Malin now COO

Realogy CEO Ryan Schneider

To pay off debt, Realogy to sell relocation biz for $400M

Cee Scott Brown and Jack Pearson

A top Corcoran team in the Hamptons bolts for Compass

Kate and Brian Meier

Corcoran’s Brian Meier heads to Christie’s

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman