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Fort Lauderdale area Broward County
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Old 02-05-2008, 06:47 PM
 
Location: Pittsburgh, the Iron City!!!
803 posts, read 2,970,061 times
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How is the local area economy in Ft. lauderdale nowadays?....

Any growth sectors and are housing prices starting to normalize now, or was it hit hard at all?
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Old 02-05-2008, 07:29 PM
 
11,642 posts, read 23,907,231 times
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Originally Posted by By~Tor View Post
How is the local area economy in Ft. lauderdale nowadays?....

Any growth sectors and are housing prices starting to normalize now, or was it hit hard at all?
Housing prices are still declining. I think the local economy is ok outside of the housing decline. There are still jobs, even though they do not pay as well as they need to pay to support housing prices.
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Old 02-05-2008, 08:50 PM
 
Location: Fort Lauderdale, FL
518 posts, read 2,226,176 times
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Originally Posted by Momma_bear View Post
Housing prices are still declining. I think the local economy is ok outside of the housing decline. There are still jobs, even though they do not pay as well as they need to pay to support housing prices.
That's an accurate assessment of the situation. Anything housing-related -- real estate, mortgage companies, banking, construction -- is struggling. Most other sectors of the economy seem to be chugging along. Tourism has been strong this winter, which helps.
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