Florida Economy, Miami Beach Real Estate

South Florida Economy, Recovery May Be Near

According to data in a report released Wednesday by an influential Washington thinktank, South Florida economy may finally be close to turning the corner on a recession that has hit the region far harder than most major U.S. metropolitan areas.

As of March 2009, the report published by the Brookings Institution, ranks South Florida #85 among the nation's 100 largest metropolitan areas in economic performance, based on employment, unemployment rates, wages, gross metropolitan product, housing prices and Florida foreclosures rates.

The gross metropolitan product is the value of all the goods and services produced in Broward, Miami-Dade and Palm Beach counties.

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