Will Fed’s Interest Rate Cut Revive Condo Sales In South Florida?

The Federal Reserve cut interest rates for the first time in four years. This first move was a bigger than expected 50 basis points.

Condo developers seem to get all of the credit for driving a significant portion of the South Florida economy but I learned nearly two decades ago as a financial reporter that it is the bankers who have the real economic power.

Ask anyone who lives east of Interstate 95 in Miami to name a condo builder, and you will probably hear names like developer emeritus Jorge Perez, branding visionary Gil Dezer or workaholic David Martin.

Then, ask those same Miamians to name a banker.

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If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.

This information is believed to be accurate and complete but cannot be guaranteed or warranted.

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