We have a bad news: this might be true. The sales in 2017 real estate market in Miami has been somewhat slow and low. Interest rates are climbing up and the dollar is weakening. Hugh Kelly, an economist stated that there might be a possible recession looming over the US real market.
Monthly Archives: January 2018
Chinese buyers are coming for Miami’s real estate
Miami is well known for its attractive real estate market and the Chinese has taken note of this. As of last year, the Chinese makes up the third largest group of buyer in Miami and the second in the U.S. There are several reasons why this is a growing trend. Read the rest of this entry »
Can big parties attract buyers?
All the big names are doing one thing: they throw lavish parties. A condo project typically needs to sell 50 to 60% of their inventory before being able secure construction fundings from banks. This is probably why they are doing everything they need to attract buyers. This is especially so when bank loans has dried up for new upcoming projects. Read the rest of this entry »