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How The Miami Condominium Market Is Weathering The Housing Slump
At present, a lot of talk hovers on the worries and concerns related to the current real estate "bubble" , and this seems to be on the mind of almost everyone who is part of the housing market, as well as potential buyers. Wherever this concern arises, the state of Florida, and particularly South Florida, grabs a lot of scrutiny and attention. Although the property markets here are hit hard too, the main difference in South Florida, and basically other markets too, is the area's access to home buyers from literally all over the world. Where Most Prospective Home Buyers Come From Much of the housing market in the Miami area is also driven by buyers coming particularly from Latin America and Europe. The city's single-family units and condo sales are not simply dependent on local buyers, and many of the communities here, are already inhabited primarily by part-time residents, and many residents of Hispanic origin. Currently, prices in Miami's condominium market, which is considered the poster child of the real estate boom that swept much of the country in the past few years, seems to have buckled a bit, although it looks like it would be able to weather the ... more

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