Florida’s not likely to apply for a patent on it, but in many ways the state invented the real estate boom and bust cycle.
Veterans of the real estate, development and land industries statewide have been talking about this phenomenon for years.
The latest into the fray: Fort Myers-based LSI Cos. The commercial real estate firm, with what it calls “one of the region’s most comprehensive and effectively staffed research departments,” writes about the up-and-down nature of the Southwest Florida real estate market in its LSI Market Trends report for the third quarter. The report says in general, the three-county market, of Charlotte, Collier and Lee, “continues to transition from the post-pandemic boom toward a phase of normalization marked by slowing permit issuances and leveling population inflows.”…