Huge oversupply of Miami condos may lead to lower prices, EWM says. The residential brokerage held its 2017 Real Estate Market Outlook Conference on Wednesday at the Downtown Miami Hilton. EWM presented a report on the market in Miami-Dade and Broward Counties, plus an outlook on the economy and transportation.The report said the most compelling factor for the luxury sales decline was the exchange rate of the U.S. dollar that reduced the buying power for people from countries such as Brazil, Argentina, Russia and Venezuela. Once Brazil and the global economy recovers, that should greatly benefit South Florida real estate, especially in Miami-Dade, said J. Antonio Villamil, Principal of The Washington Economics Group. He expects Brazil's economy to pick up in late 2017 and 2018, but BREXIT could bog down Europe this year. Read Tony's views
Tony Villamil, Co-Founder and Principal of the Washington Economics Group, Inc. and Chair of the Economic Roundtable of the Beacon Council, presented the economic report and job growth in the target industries of Miami-Dade County at the 2016-One Community One Goal event that took place today at the University of Miami.
According to an April 26 Miami Herald article, a child raised in Overtown will live an average of 71 years, while one raised in Brickell Key has a life expectancy of 86 years. Why is there such a large difference in life expectancy for children in Miami? Education, access to healthcare and famility stability are huge factor. In an Op-Ed published in the Miami Herald on September 13, Marielena Villamil, WEG President and COO and Board Member of the United Way of Miami-Dade, commented on the large difference in Miami-Dade's children. Read full Op-Ed.
At the Board of Governors Meeting of the Greater Miami Chamber of Commerce held on Wednesday, July 6 at the Jungle Island , Tony Villamil, Founder and Principal of The Washington Economics Group, Inc. discussed the implications of the United Kingdom to leave the European Union and what it could mean for South Florida, specifically for Miami-Dade County. Miami-Dade County and South Florida traditionally have had strong economic ties with the U.K.
Yesterday, our Founder and Principal, Tony Villamil. presented the economic impacts of the Indian River County Chamber of Commerce's economic development efforts to diversify the County's economic base by attracting high-wage industries for the Indian River economy. The County Commissioners expressed support for the joint efforts by the County and the private sector through the Chamber.
Tony Villamil, Founder and Principal of the The Washington Economics Group, Inc. and Chairman of the Economic Roundtable of the Beacon Council, will be part of the panel of experts at the exclusive event for Beacon Council Investors "Economic Roundtable Preview" to discuss the 2016 Economic Update. This exclusive event will take place at the The Beacon Council premises located at 80 SW 8th Street, Suite 2400 at 8:30 AM. Click here for more information.
Polk County is once again set to receive a glimpse into its economic future from Tony Villamil, our Founder and Principal. Tony, one more time, will be featured speaker at the 29th Annual Economic Forecast Breakfast this Thursday, January 14 at the Lakeland Center. At this event, sponsored in partnership between the Lakeland Area Chamber of Commerce and Allen & Company of Florida, he will be sharing his knowledgeable insights on the current local economy from a global, national and local perspective. For more information and registration click here.
On Thursday, October 22nd, The Florida Institute for the Commercialization of Public Research released the findings of the recently commissioned economic impact study prepared by The Washington Economics Group, Inc (WEG). The study estimated and updated the economic impacts of the Institute between 2011 and 2015, and concluded that the organization's impact throughout the State of Florida increased significantly during this past fiscal year. Over the five-year period, the Institute generated a total Economic Impact of $379 million. Read more here----
The Washington Economics Group, Inc. (WEG) Founder and Principal, Tony Villamil, was the keynote speaker on the Cuban Economic Outlook at the monthly lunch of the Rotary Club of Coral Gables. WEG has ongoing expertise on Cuban economic issues.
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