Dive summary:

• Proving that blanket statements about markets can miss the real situation, the Florida condo market is not dead in the water, at least not in Miami, where construction is happening and prices have risen.
• What's driving that exception to an otherwise stagnant Florida market is buyers from overseas and the fact that a pool of federally owned foreclosures seems stuck in limbo.
• Related Group recently built and sold a 27-story project and had foreign buyers paying as much as 80% of the price during construction. That greatly reduced the need for construction loans from banks that are not eager to loan for more projects right now.

From the article:

With more than 80 proposed condominium projects in the early planning stages in South Florida, it’s hard to believe that developers learned anything from their mistakes during the recessionary years. ...