The Real Deal Miami

Housing bust top state story in 2008

December 31, 2008 10:05AM

The collapse of the real estate market, including stalled sales, falling
home prices and unfinished developments, was voted Florida’s top story
for the year in a poll of newspaper editors. South Florida’s unwelcome spot
in the epicenter grabbed headlines nearly every day, as the total
values of homes, businesses and properties dropped $153 billion.
Foreclosures skyrocketed and put the state among the four worst-hit
markets in the country, alternating the worst spot with California,
Nevada and Arizona.