South Florida’s housing industry – an engine of the regional economy – is coming back to life after last decade’s frenzied boom that culminated in collapse, the Sun-Sentinel reported. About 30 percent of South Florida’s economy tanked after the real estate downturn that began in 2006, the paper reported.
Now, sales and home values have rebounded, keeping real estate agents, mortgage brokers, movers and home inspectors, among many others in businesses tied to housing, flush with work.
Roy Oppenheim, a Weston lawyer whose title company, Weston Title & Escrow, lost 80 percent of its business during the bust, told the Sentinel he has plenty of new customers.
Revenues are short of their record at the peak of the last boom, but Oppenheim’s real estate law practice has taken off, with more construction leading to more liens and building disputes, according to the newspaper.
“People are calling me now that I haven’t talked to in six or seven years. They’re back in business,” he said. [Sun-Sentinel] –Emily Schmall