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The Miami Real Estate Market – Growing More Profitable than Ever
For Miami, the 2019 real estate projections look just amazing. According to various associations in the field, mainly the Miami Association of Realtors, the median home value in the area is well above $330,000. The median value increased by almost 5% over the last year. And according to experts in the field, the housing prices in the area will be on a 3% ascending trend in 2019. And so, the Miami real estate investors can lie down at night knowing that their investments are rewarding and profitable.
The Real Estate Market in Miami Generates Impressive Numbers
For the last ten years, the real estate market in the area has been growing continuously. The collective real estate appreciation rate over the past ten years in Miami is estimated at well above 20%. This makes Miami to be placed in the top 30% nationwide. The real estate market here grows so strong that, in spite of the nationwide depreciation rates witnessed in the field, the market here showed faster appreciation rates than anywhere else in the US. The appreciation rates are estimated at approximately 7.5% during the last 12 months and these staggering numbers are higher than in most of the US (almost 90% of ... more

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