Miami homes, Miami real estate

Florida hit hardest by real estate bubble

Those who purchased homes and other residential Miami real estate at the five years ago at the peak of the real estate bubble are feelig the effects and paying the price today.

According to a quarterly update from IHS Global Insight, prices of Miami homes and other residential properties located in extremely hyped metropolitan areas such as Miami, fell nearly 37%, between 2005 and the fourth quarter of last year.

Full Article....Florida hit hardest by real estate bubble