The volume of existing home sales in Miami-Dade County fell 20.8 percent in July compared to July 2015, according to a monthly report released Wednesday by the Miami Association of Realtors.
“That’s an eye-popping number,” said Peter Zalewski of Cranespotters.com
Three main factors are conspiring to slow down Miami’s real estate market: Not enough affordable housing for locals. A lack of foreclosure inventory available for investors to snap up. And a major drop-off in the number of foreign buyers, who’ve been burned by the strong dollar.
It looks like it will be a buyer's market very soon........
Author:Mindy Bloom Phone: 305-332-2439 Dated: August 25th 2016 Views: 217 About Mindy: ...
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Terrabella Realty is a boutique operation with over 1 Billion dollars of closed sales over the past 10 years, We have experience in the South Florida real estate market and we have developed strategic alliances with Real Estate Firms in foreign countries like, Argentina, Colombia, Venezuela, Mexico, Ecuador, Canada, Russia, France, England and Israel, to name a few. We have over 80 sales associates ready, willing and able to assist on the sale of your property and we are experienced enough to help you price it right.