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

Top South Florida Real Estate Stories of 2007

South Florida Real Estate, a 2007 Real Estate Recap
The upcoming forecast for local real estate markets holds generally good news – especially for the second half of 2008.

Here are the top South Florida real estate stories of 2007: Topping the list was the slowing real estate market, followed by concerns specific with Florida real estate, property taxes and property insurance along with troubles in the mortgage market and, finally, a proposed Hometown Democracy constitutional amendment that could go before voters in 2008.

Here are the issues that shaped Florida's real estate world in 2007 and a glimpse at what the New Year holds.

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