The Good News

It's true that home values in S. Florida are widely expected to head south for the next year or two (with the exception of Coral Gables), but that doesn't mean that buying in Miami would be a bad investment. The days of warp speed house flipping may be over, but in the long run Miami real estate is expected to continue appreciating thanks to a shortage of land(remember, we live in a peninsula), population growth and employment gains.

National and international factors also bode well for the area, including historically low mortgage rates and a weak dollar, which makes real estate in the U.S. more attractive for Europeans, especially once south and central American vacation home prices increase. That will push the German and British vacation-home buyers to think about Florida destination as purchase location.

Then there's the X factor. In Miami, we're always one good Latin American crisis away from a housing boom, and the way things are looking (Cuba, Venezuela), that might just happen sooner than later.


For professional advise on all aspects of buying or selling real estate, please contact me at-786-287-9272 -email:Richard@RichardRecuset.com

Richard Recuset-Multi-Million Dollar Producer-The Recuset Group