The following article was originally published in the Sun Sentinel with excerpts by Roy Oppenheim.
- Rising interest rates
- Strong US Dollar
- Devaluation of foreign currencies
While foreclosures have waned, South Florida real estate lawyer Roy Oppenheim predicts the housing recovery will slow in the coming months.
He said demand and prices will soften due to a mix of rising interest rates, a strong dollar and a devaluation in foreign currencies. That could lead to more foreclosures.
“I’m expecting a correction, but not anything like 2007 or 2008,” Oppenheim said.