It’s a buyer’s market.

It is the reality, in today’s real estate market the buyer is king. A family making an average income of $45,000 could qualify for a home in the $170,000 to $215,000 range.
There are many Miami homes in that price range; you could chose from 150 single-family homes only in Miami-Dade County. Fourteen are in or just outside Miami Shores, in ZIP code 33150.
In that price range, you can even have more choice in the condominiums and townhouses available in Broward County. The most were available in Coral Springs, ZIP 33065, or Hallandale, ZIP 33009.
In Miami-Dade County, there are at least 65 condos, with the most in Aventura, with 45 units.
Financing is getting a lot more creative, you can choose an interest-only mortgage, cutting the bill by thousand of dollars. “Without these kinds of new strategies, a lot of people in medium income would not be able to afford the homes.
Using traditional income guidelines, only 20 percent of the population could afford a home around $300,000. About 13 percent could buy a $400,000 house and only 5 percent can buy a $600,000 house