Cool-off predicted

Rate of appreciation expected to slow

Look for real estate prices to cool off after the fevered increases of the past three years, commercial real estate broker Frank D'Alessandro told the Greater Fort Myers Chamber of Commerce at its annual luncheon Thursday.

Prices should continue to increase modestly even as interest rates rise and consumer costs increase because of soaring oil prices, he said. His research shows that the 4 million baby boomers coming to Florida in the next five years should keep prices from falling.

Red-hot real estate forecast to cool off [News-Press]