Thursday, October 27, 2011 10:17:10 AM
Miami May Set Real Estate Sales Record
By Kevin Chiu
As one of the most battered real estate markets in the U.S. few would think Miami was in any position to be setting records. But the sale of Miami, Florida homes, townhouses and condominiums is on pace to set a new record for the year in the Florida market, according to the Miami Realtors Association.
Driven by discount priced foreclosures, short sales and a bevy of cash buyers existing single family home sales soared 46% in September, but only mustered 848 homes for the month compared to 582 a year ago for the same month. Sales of condos rose 58%.
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http://www.housingpredictor.com/2011/miami-may-set-record.html
My posted comments are only my considered opinion based on the reality as I see it and I never take advice from those following a pack of wolves hunting for their next meal.
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