Economy of South Florida Real Estate is Eye of a perfect Storm

Despite the uncertainty of the economy, the three major South Florida economy - tourism, healthcare and financial services, increase the complexity of the future, the financial projections and South Florida Real Estate. Any declaration of local experts, and touched the bottom, or real estate prices in the near future to satisfy the skeptical and kept a little thought desire. South Florida's economy and vitality of the real estate industry is based largely on its ability to bring dollars from outside Florida, attracting out-of-state and international visitors, and encouraging a longer stay retired snow birds and Visitation usually different in the winter months each year. Hypotheses about patterns of consumption are uncertain at the moment as the whole scene at the time the national business.

First of all, South Florida, tourism is being held hostage in the crossfire of tropical storms and hurricanes that have left no place to hide for a few months every year since 2004. Panic at Growing reached after an unprecedented 27 named storms in 2005, appeared in the Atlantic hurricane season. Some believe that the storm activity is interrupted by several generations of growth in permanent population of Florida through participation in migration in recent years. And even if the activity has been quiet the storm in recent times, many leading climatologists expect a strong business for years to come.

Second, one of the most significant of the nation, it is understandable that health services should provide important ballast for the local economy. Health insurance and government sponsored programs such as Medicare ran a significant share of health spending, it seems reasonable to expect that the fate of South Florida's economic future may depend in part on outcome of health care and medical insurance reform, which can take months if not years, to be fully realized.

Finally, the financial sector, including banking and wealth management, particularly for the elderly, is another key area of the unresolved issues. With the help of government and other public agencies, the banking sector seems to have left some ruins. However, its future viability is still facing significant headwinds and global economic policies may impose further fate of the reform and regulatory changes in this sector. These facts, the reality that personal wealth has declined considerably since 2007 and low interest rates conspired to lower revenues and higher prices for asset management courses, all of which means that the future of Florida's financial industry the best time.