New numbers released by the U.S. Bureau of Economic Analysis on September 17th show that real estate is the top contributor to economic growth in South Florida in 2012. Doug Hanks of the Miami Herald interviewed Tony Villamil, WEG’s Founder and Principal and Dean of the Business School at St. Thomas University on these findings. Rising property values and a rebound in construction activity have propelled real estate’s return as the top economic engine in the region. Villamil said that “real estate really is the foundation for this area” and added that “it is crucial for the recovery.” Read full story
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