The Real Deal Miami

Florida slump to continue

October 29, 2008 02:23PM

Former Reagan administration economic adviser Lincoln Anderson said that pricing in Miami’s saturated real estate market will only hurt more going forward, and that construction will keep lagging for some time. Anderson, now chief investment officer and chief economist for LPL Financial, a private firm comprised of independent financial advisers, said Miami could also see further slowdowns in its hospitality industry, as well as foreign trade and investment.