Q2 2010 South Florida Real Estate Review
Economic statistics remain mixed, including home sales and consumer buying behavior, indicating that in general the economy is bottoming out. These indicators lead us to believe that the leasing market is headed for improvement, and will see us in a different place in 12 months--possibly in a landlord-governed market. However, we believe that on the investment sales side of the business, this is a false bottom. Although sale transaction volume for our firm has also already surpassed all of 2009, we predict that this is just at the beginning of experiencing a prolonged distressed period of at least three years.