My New Blog

For the past 18 months Miami real estate market showed signs of depression as prices were falling and home sales especially the condo market was stagnant. In some areas prices fell by approximately 10-15 per cent. Despite this fact some buyer choose to stay out of the market. They were trying to time the market as foreclosures were at an all time high. By trying to time the market, they may have missed a great opportunty to capitalize on those low prices and sellers incentives.Guess what?. A clear sign that the recovery is here is when real estate investors and venture capitalist and buying up condos and single family homes at bargin prices. The investors are ahead of the curve and the average home buyer missed out on the great bargins. With the Feds approving 700 billion dollars bail-out, lenders will start approving loans. We are aware of tighter credit restrictions and this make it more difficult for those buyers who were time the market.

The housing market is still adjusting and we do not expect to see prices rise as rapid as in previous years. Housing is what is going to stabilize our economy