Wednesday, December 14, 2016
The South Florida Real Estate market, including the Miami and Miami Beach condo market, has been in an adjustment phase from 2015-2016 largely due to increased inventory and the US dollar gaining value against foreign currencies. We have a new President elect, and today the fed announces its expected rate increase. Are we headed for boom or bust? The speculators are out in full force. The good news is more experts like NAR predict a steady to strong year ahead in US housing, especially for second tier markets attracting the millennial first time home buyers and highly sought after Real Estate in Miami and other metropolitan cities.
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