Comments on: Miami Real Estate – It flew the highest and the farthest during the boom days, and now it is falling the hardest http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: ines http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/comment-page-1/#comment-254450 ines Thu, 04 Sep 2008 02:57:49 +0000 http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/#comment-254450 We're still seeing relo's - but now the sticker shock is not as bad as 2 years ago. What we are seeing a lot of is people hearing that the market is tough and wanting to buy oceanfront condos for $200k which is still not happening. ;) I actually wrote an article last week on the positive changes we are seeing and bottom line is that it's a beautiful city and Miami will always be MIAMI. We’re still seeing relo’s – but now the sticker shock is not as bad as 2 years ago. What we are seeing a lot of is people hearing that the market is tough and wanting to buy oceanfront condos for $200k which is still not happening. ;) I actually wrote an article last week on the positive changes we are seeing and bottom line is that it’s a beautiful city and Miami will always be MIAMI.

]]> By: Tom Royce http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/comment-page-1/#comment-253232 Tom Royce Mon, 01 Sep 2008 16:49:11 +0000 http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/#comment-253232 Ines Sometimes writing on a national scale I forget that real estate is local so thanks for reminding me. Miami must also be hit by the slowdown of relo's coming from outside of the region putting further pressure on sales. Once Miami is seen as stabilizing folks will start moving down in the past numbers is my guess. Ines

Sometimes writing on a national scale I forget that real estate is local so thanks for reminding me. Miami must also be hit by the slowdown of relo’s coming from outside of the region putting further pressure on sales. Once Miami is seen as stabilizing folks will start moving down in the past numbers is my guess.

]]> By: ines http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/comment-page-1/#comment-253161 ines Mon, 01 Sep 2008 14:22:16 +0000 http://www.therealestatebloggers.com/2008/09/01/miami-real-estate-it-flew-the-highest-and-the-farthest-during-the-boom-days-and-now-it-is-falling-the-hardest/#comment-253161 Hi Tom - The Miami Real Estate Market has definitely been hit hard and mostly due to the speculators as you mention in your article. What I'm seeing, as a local agent that does not specialize in foreclosures is that the condo market does have a ways to go, but I'm been seeing positive changes in single-family residential areas with regards to more sales, less inventory and renters beginning to buy. Knowing real estate is very local - within Miami it's even more local. There are literally hundreds of neighborhoods and each one is behaving differently. Hi Tom – The Miami Real Estate Market has definitely been hit hard and mostly due to the speculators as you mention in your article. What I’m seeing, as a local agent that does not specialize in foreclosures is that the condo market does have a ways to go, but I’m been seeing positive changes in single-family residential areas with regards to more sales, less inventory and renters beginning to buy.

Knowing real estate is very local – within Miami it’s even more local. There are literally hundreds of neighborhoods and each one is behaving differently.

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