Dec 22, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
There are more buyers right now than there were in 2005. And there’s good reason for that. Prices have dropped 40-50%. BUYERS ADVICE: If you able to buy real estate now, you are in a rather enviable position. There’s the potential for future...
Dec 21, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
Market Snapshot for Miami Real Estate: Real estate markets tend to be cyclical … and it’s worth remembering that historically real estate has been solid – as a long term investment. 2010 was a buyer’s market. 2011 won’t be all...
Dec 5, 2010 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS
Zillow reports that 47.4% of all homes sold in September were distressed sales. The breakdown from Zillow shows that 27.3% were short sales and another 20.1% were foreclosures. Unfortunately, because appraisers use all available recent sales (distressed and...
Nov 19, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
The experts indicate that real estate prices may well have bottomed-out, at least for single family homes in Miami-Dade. New construction has pretty much stopped and there is very little in the way of buildable land left right now in Miami-Dade anyway. As Ron...
Nov 17, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
In Miami-Dade County only 1 out of every 3 property sales is a non-distressed real estate transaction. 2/3 of all real estate transactions right now are short sales or foreclosures and 4/10 of all recent sales have been foreclosures. But that is likely to...