Miami Real Estate takes Summer Vacation as more homes flooding ...

Miami real estate is on summer vacation, as more houses flood the market in July this year. Prices fell, and contrary to popular opinion of some sellers, they will not again climb anywhere anytime soon.

Most affected is the housing market, with homes increasingly selling in the market each month, rather than sell. You had many buyers who have invested in the pre-construction projects, either to close or not to buy condos them, or to incur losses in order to remain solvent. Most investors have long abandoned the fantasy of buying up condos and flipping them for a quick profit. Those days are over, and unlikely to return for some time. All this is not a bad thing, but because a correction was necessary, although some real estate experts thought that as recently. Real Estate in Miami still has some of the most desirable real estate in the world, and buying a property in Miami is now a good idea if you live to buy a house or condominium, or if you are looking for long term investments. Buyer in the Miami area are in the best position they have been for many years to buy real estate at reasonable prices, thus offering significantly lower prices demanded, and then to enter into real estate, they would To never buy a position of having only a few years ago. To see how things have changed, just look at the statistics. According to Coral Gables, Homestead South Dade, Kendall-Perrine, and Northwestern Association of Realtors or their MLS. delivered in March 2006, there were 7,703 single family homes for sale in Dade County, used, sold the other in Miami, and 1116 houses. The latest statistics available. In May 2007, 13,403 Dade County single family homes for sale, and sold 612 houses. The housing market was similar. announced in March last year, 14,761 Dade Condos for sale, and sold in 1371. In May this year there were sold 24,417 condominiums or townhouses for sale in Dade, with only 785 houses. Foreclosures in Miami-Dade County are high, with 987 residential sales in the first quarter of this year. , which translates to 127 seizures per 1000 households. The good news is that the Miami real estate is more affordable, and with the dollar so low against the euro and other currencies, foreigners who flock to Miami for the holidays, is still two houses and condominiums, a long-term investment. For more information on www.alexshay.com

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Miami Real Estate

Tags: estate, flooding, Homes, homestead south dade, market, Miami, more, Real, Summer, takes, vacation

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