According to a recent sales report by the Miami Association of Realtors, 2011 has been characterized by contradictory trends in South Florida real estate. For example, shrinking inventory and high sales numbers -- two trends that usually result in price appreciation -- occurred alongside low prices due to the market looking ahead to another wave of foreclosures.
Residential and commercial real estate still lagging in Southeast
Most of those who work in commercial real estate in Florida already know the state has seen a dramatic shift downward over the last several years. That fact was recently made clearer, as Federal Reserve Bank of Atlanta President Dennis Lockhart suggested that the economy in the Southeastern United States is lagging behind the overall U.S. recovery because of the region's more severe real estate slump. The slump includes both residential and commercial real estate.
