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Studies call attention to boom and fade of Florida real estate, economy.
- Article from:
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Palm Beach Post (West Palm Beach, FL)
- Article date:
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October 1, 2007
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Copyright informationCOPYRIGHT 2007 The Palm Beach Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeff Ostrowski
Oct. 1--Two studies released last week remind us just how superheated the Florida economy became at the height of the real estate boom and how much it has cooled since.
First was the U.S. Bureau of Economic Analysis' new snapshot of economic growth by metro area. The good news: Florida cities were booming. The bad news: In 2005.
The bureau's 2-year-old data show Florida cities dominating the rankings. Palm Coast's gross domestic product soared 19 percent from 2004 to '05, ranking it No. 1 nationally.
Palm Beach County is lumped in with Miami and Fort Lauderdale, where 6.7 percent growth ranked 37th of 363 metro areas.
The second ...