The Real Deal Miami

Will the Florida residential binge continue?

August 23, 2011 02:02PM

Home sales in Broward and Palm Beach counties continue to outpace the
national market, but it’s still a question as to whether the sales surge
will continue. “We’re affordable again, and that makes a difference,”
said David Dweck of Charles Rutenberg Realty in Fort Lauderdale. Part
of the reason for the sales wave is renewed interest on the part of
investors willing to pay cash. Because they are less sensitive to
the economy, the binge would continue, according to Greg McBride, a
senior financial analyst with Bankrate.com in North Palm Beach. Sales
won’t decline, he said, “unless the economy completely rolls over.” [Sun
Sentinel]