NAR Chief Economist: South Florida Real Estate Market At Bottom - Dermot OBrien Group - Sotheby's International Realty Singer Island

NAR Chief Economist: South Florida Real Estate Market At Bottom

The South Florida residential real estate market is at bottom according to
Dr. Lawrence Yun, NAR Chief Economist. “I think the prices have already
pretty much bottomed in the South Florida market,” Yun said. “The rest of
the country is more difficult to say but I think here, given the buyers, the
prices have already bottomed in Florida.” “Soon you will reach the point of
equilibrium where home prices begin to show growth,” Yun said. “It is always
difficult to precisely predict. I think that many people who are buying
today in this month – June of 2009 – if they look back a year from now in
June 2010, I think many people will see that they have actually gained in

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Dermot OBrien Group

With close to $300 Million in sales on Singer Island since 2004 (close to 250 different properties) Dermot OBrien Group of Sotheby’s International Realty Singer Island is the recipient of the 2012 Ritz Carlton Residences Power Broker Award, 2013-2014 International Property Magazine Best Real Estate Agent Florida Award and the 2017 - 2018 International Property Magazine Best Real Estate Brokerage Florida Award. Dermot was selected as the 2010 & 2011 Unique Homes Magazine Singer Island market specialist, in addition to being a 2008, 2009 and 2010 Platinum Producer for Illustrated Properties Real Estate.

Dermot has an MBA from the Kellogg Graduate School of Management at Northwestern University, a Diploma from the British Chartered Institute of Marketing and a BA from University College Dublin in Ireland. A life long learner he recently completed a Diploma in Digital Marketing from the Digital Marketing Institute. With over 35 years of experience in real estate sales, marketing, new product development and management consulting he continues to enjoy the entrepreneurial career path.