Contact:Â Â Loriann Harrison
Phone:Â Â 954.237.0713
Fax:Â Â 305.851.4077
Email:Â Â Loriann@LMHLuxuryGroup.com
Website:Â Â www.LMHLuxuryGroup.com
June 15, 2012
Real Estate is the Number One Product in Florida
Luxury real estate in Broward County, FloridaÂ may not be where it once was, but it is still stimulating the local economy more than any other product.
According to a report on the state gross domestic product that was recently released by the Legislatureâ€™s Office of Economic and Demographic Research, real estate is Floridaâ€™s biggest private industry.Â Â Floridaâ€™s total GDP (Gross Domestic Product) rose by 0.77 percent per year from 2006 through 2011 to $754.3 billion in current dollars.Â
The private sector grew by only 0.1 percent a year over the five-year period.Â Â However, while the private sector slowed down, real estate accounted for 15.6 percent of Floridaâ€™s total economy in 2011.
To compare and contrast, the table below contains a list of Floridaâ€™s Top 6 Gross Domestic Products and their performances:
% Total in 2006
% Total in 2011
2011 Value in Millions
Real Estate, Rental, and Leasing
Health Care and Social Assistance
Professional, Scientific, and Technical Services
Finance and Insurance
Loriann M. Harrison is a full-time real estate Broker-Associate, a multi-million dollar producer, a Certified Luxury Home Marketing Specialist (CLHMS), and member of the Institute for Luxury Home Marketing, a real estate trainer and a resident of SW Broward County Florida.Â Â She is also an Inventory and Marketing Specialist and Certified Distressed Property Expert, (CDPE) specializing in assisting clients in selling distressed properties as Short sales.
Loriann has been practicing real estate since 1998, first in Long Island, NY, and now in Florida since 2004. She and her husband have been successful real estate investors since 1995 and manage a multi-million dollar portfolio.Â Â Her no nonsense approach to analysis and research, and her commitment to excellence have made her a favorite among sellers looking for exceptional results and service in the South Florida Luxury Market Place.
About the CLHMS Designation
Recognized as the mark of accomplishment in luxury markets around the world, the Certified Luxury Home Marketing Specialist (CLHMS) designation assures affluent buyers and sellers that the agents who have earned it have the knowledge, experience, competence, and confidence they require.
Members of The Institute who hold the CLHMS designation haveÂ documented performance in the TOP 10%Â of their markets, and have successfully demonstrated their expertise in the luxury home and estate market.
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