Why is Real Estate Crashing?
July 20, 2009
A divergence in the markets has taken place, and we expect it to continue for some time. The Real Estate Industry is in one of its worst slumps in years, home builders are struggling to make a profit and sell off inventory, mortgage providers are going bankrupt, credit standards are tightening, and we are seeing record numbers of houses for sale.
Interpreting a Miami Real Estate "Bottom"
July 10, 2009
What is the “housing bottom” and what does it mean to buyers or sellers in Miami Beach Real Estate? In Miami Beach’s buyers market, prices of high-end properties are 50% off the high’s of 2006. Properties in Miami Beach are now available at “bargain prices”, and these new bargain prices are the real prices of properties for years to come.
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