All eyes continue to look toward Washington and how it will solve the various issues affecting the Miami real estate and housing market in general. Bailouts, tax incentives, these are just a few of the items being rolled out or considered to boost sales in sagging markets.
The Florida housing market has apparently decided to get a jumpstart on the planned housing recovery before Washington gave the full green light. Leading Florida business publications have reported that for the second quarter in a row, Miami real estate and Florida real estate for that matter saw modest, albeit encouraging home sales increases of more than twelve percent.
The factors that have been attributed to this boost are buyers choosing to purchase the surplus of Miami real estate priced well below average prices, a trend that has continued even into January of this year. Many analysts see this as a potential sign that the Florida housing market has gone as low as it will go and will slowly begin to recover.
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