Miami Real Estate Market – Good News for Buyers
It really doesn’t matter where you live, what's pummeling housing prices in your area is the same thing that's hurting everybody around the country: the credit crisis.
Banks' troubles have made it harder for many home buyers to get mortgages, and those who do qualify have to pay more. A borrower with good credit and a 20% down payment recently have been hit with an interest rate of 6.7%, on average, according to HSH Associates.
Looking at the Miami Metro Area, we find that the average home price in 2009 will be around 214,551, with a decrease in price of -18.8%.
Full article...Miami Real Estate Market
1 comment:
Decrease in price of -18.8% in 2009 is still very good for buyers, I would suggest buyers don't miss the opportunity presented to you!
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