Moody’s Economy.com predicts a 20-year wait for South Florida’s housing market to fully recover
From the South Florida Web site: The South Florida residential real estate market will not rebound to
previous highs until 2030, according to a Moody’s Economy.com
prediction. The forecast made something of a stir when it appeared deep
in an article on community development districts in Business Week
Monday (see chart on the forecast after the jump). While Moody’s Economy.com was under a contractual obligation not to
release the specific data it had supplied to Bloomberg, it provided The
Real Deal with data that supported a reasonably similar forecast — a
peak to trough price trajectory that tells of a long road ahead for
Florida real estate.