Gunster shareholder Dan Mackler was recently quoted in an article from the Sun Sentinel that was also picked up by Yahoo! News and National Mortgage News, discussing how the housing market could take a while to settle down. Throughout this article, professionals discuss their opinion on how long they think it will take for prices to decline, in addition to their take on interest rates affecting this boom.
Mackler states, “If interest rates increase significantly, which would probably be driven by high inflation, or if the number of people relocating to Florida significantly decreases, then I would expect the housing market to cool down.”
Dan Mackler is the co-chair of Gunster’s Real Property practice. He advises on all aspects of real property acquisition, financing, development and leasing. He provides comprehensive legal counsel to owners, developers, lenders, hotel owners/operators, construction companies, real estate brokers and property management companies, among others, with respect to all types of commercial property.