Orlando Condos

From the Orlando Sentinel:

We confronted fallout from the nationwide slowdown in housing, as evidenced by record foreclosure rates, and we felt the pain as businesses big and small struggled to keep up with rising gas prices.

There was another side, though, to 2007, one that gave off a more prosperous vibe, thanks to plans for a new Orlando Magic arena and a new performing arts center as well as groundbreakings for a University of Central Florida medical school and the Burnham Institute for Medical Research.

As we prepare to leave 2007 behind, here are my picks for Central Florida's Top 10 business stories:

...The bubble is no more. Real estate sales nose dived and foreclosure rates shot up, easily making the slumping housing market the No. 1 story of the year. The hype over downtown condos faded, with some new towers still far from full. There's hope the market will stabilize in the next few quarters, but the carnage is far from over.