Dennis Lockhart, the president of the Federal Reserve’s Atlanta division, called Miami’s condo market rebound “an amazing turnaround” in a recent Miami Herald story.
“In 2008 and 2009, what I was hearing was condo towers essentially being empty’’ in downtown Miami, Lockhart told a Broward County business group Wednesday morning. A recent survey shows something far different: about 90 percent of downtown’s condos are either rented or occupied by an owner.
“It’s an amazing turnaround,” Lockhart said.
