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Notebook: South FL Markets Not All Doom

MIAMI-Panelists see upside to down markets, international investment and government supervision of financial markets.

By Carl Cronan | Updated on September 18, 2008

(Carl Cronan is editor of Real EstateFlorida.)

MIAMI-Finding a silver lining might have been difficult amid the doom and gloom relayed during Incisive Media’s third-annual RealShare South Florida conference Wednesday at the Hyatt Regency. Yet that didn’t prevent a few panelists from trying to present some upside to a downtrodden commercial real estate market.

Keynote speaker Mark Vitner, managing director and senior economist for Wachovia Corp., pointed out that Lee County may be among the nation’s worst housing markets because it had zero growth in single-family home construction starts this past spring. On the other hand, Vitner said, “You can’t have negative housing growth.”

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