MIAMI— The real estate industry is expected to remain on a sustainable course of solid growth for 2015 through 2017. That's according to a new three-year forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. With banks and insurance companies also active, real estate lending will remain competitive and favorable for borrowers.
What does that mean for the insurance markets? We caught up with Tom Kerstig, president of Insurance Services for Franklin Street to get his predictions for the insurance market in Florida for 2015?
“The existing players in the marketplace have an abundance of capital and it isn't diminishing,” Kerstig tells GlobeSt.com. “As a result, the property market will remain soft in 2015.”
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