Florida Trend
Get FREE Business News Updates


October 9, 2015

Industry Outlook 2005

Finance / Insurance

Mike Vogel | 1/1/2005


"We're booming," reports Van Johnson, a DeLand mortgage broker and president of the Florida Association of Mortgage Brokers. Property owners with hurricane damage are leveraging insurance and FEMA payouts to borrow more to renovate their property. The influx of cash, 77 million retiring Baby Boomers on the horizon, the state's crossroads economy and employers shifting retirement responsibility to employees all add up to 2005 looking strong for financial planners, mortgage bankers and brokers and others in financial services. Or, as Johnson says: "Things are popping."

2005 Forecast: "Assuming we don't experience any more extraordinary events, I would basically say the economy in 2005 will be relatively good, with 3% to 5% GDP growth. Florida will probably be at the high end or above the averages in the country. The investment climate will be pretty good. I expect it to be very similar to the year we just experienced," says Tom James, chairman and CEO of Raymond James Financial.

Tags: Around Florida, Banking & Finance, Business Services

Digital Access

Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

Florida Trend Video Pick

Size, scope and offerings of one of Florida's largest hospitals
Size, scope and offerings of one of Florida's largest hospitals

James Burkhart, president & CEO of Tampa General Hospital details the medical center's size and service area, expresses the hospital's commitment to dispersed access care and expounds on the expanding use of electronic medical records.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

About the proposed open-carry gun law: Are you in favor of allowing Floridians with concealed-handgun permits to openly display their weapons?

  • No
  • Yes

See Results

Ballot Box