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In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street Crash of 1929 forcing little development in the state and a land bust. [6]
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Facilitators: This group includes banks, real estate brokers, lawyers, government regulators, and others that facilitate the purchase and sale of real estate. The choices of users, owners, and renters form the demand side of the market, while the choices of owners, developers and renovators form the supply side.
Fort Lauderdale (/ ˈ l ɔː d ər d eɪ l / LAW-dər-dayl) is a coastal city located in the U.S. state of Florida, 30 miles (48 km) north of Miami along the Atlantic Ocean.It is the county seat of and most populous city in Broward County with a population of 182,760 at the 2020 census, [7] making it the tenth-most populous city in Florida.
Miami-Fort Lauderdale is the 12th largest radio market and the 16th-largest television market in the U.S. television stations serving the Miami-Fort Lauderdale area include WAMI-TV , WBFS-TV , WSFL-TV (Independent), WFOR-TV , WHFT-TV , WLTV , WPLG , WPXM , WSCV , WSVN , WTVJ , WLRN-TV , and WPBT (also PBS), the latter television station being ...
In February 1925, a state-commissioned census recorded 5,625 people in Fort Lauderdale, [15] and a real-estate boom was in progress in South Florida. While the land rush was focused on the Miami area, communities throughout the region, including Fort Lauderdale, Pompano Beach and Boca Raton were swept up in the speculative buying frenzy. A ...