Inventory shortages for quality investment properties
Delays in foreclosure processing
Increase number of potential Buyers. More Buyers create a competitive environment and that makes it more difficult to find quality investment properties
Investors are aware that the area has continued to enjoy steady appreciation
Increasing demand on rentals
An over-sized portion of the sales of multifamily properties in Miami Dade County have been ALL CASH deals, the current market conditions are NO BUBBLE my friend.
License Realtor/Mortgage Broker
Realty World REC
If home prices drop off, those same foreign buyers will no longer view Miami's housing market as place to make money. The difference between the price they are paying and the price they are selling the home for will be minimal, and at that point, they could take their money elsewhere.
If that occurs, local buyers looking to purchase a home the typical way â€“ with a mortgage financed through a lender â€“ will no longer be competing with the out-of-town investors. With less competition, demand for homes could drop off, meaning inventory will increase and prices will decrease. But of course, only time will tell if Miami follows in Phoenix's footsteps!
If you need anything further please feel free to call me during normal business hours at the contact info in our website link below. And please also send your email address and phone number, I'll be excited to help you with all your real estate needs and honored for the business opportunities.
1. Despite recent concerns about a shortage of homes for sale, South Florida still ranks among the top 20 markets nationwide in which to buy foreclosures this year
2. Miami as No. 12 among the nationâ€™s best places to buy a foreclosure (list compiled by RealtyTrac Inc.)
3. Miami has currently a backlog of some 53,668 foreclosure cases and with $626,000 in special funds for the fiscal year ending June 30, 2013, the court has added two senior judge slots and a staff of case managers to help clear a backlog of some 53,668 foreclosure cases.
5. In Miami, Wondering About a Bubble
Mr. Roth, who works for Keyes Realtors, he has no doubt that a flood of new foreclosures, after they exit the courts, will eventually push prices down again.
These are the facts my friend.
We're in another 2001!
Prices are going back up ay a predicticed 6% in 2013!
Buy NOW, as much as you can....then let's all sell at the RIGHT TIME...THIS TIME!! Right?
When anybody that has a pulse and a desire tor buy can get a Mortgage Loan again in 10 yrs from now...LET'S ALL SELL!!!!!!!!!!!!!!!!!!!
At least all of us that has been thru this last 8 yrs nightmare will know when to bail next itme !!
I think they have a mandate to boost Real Estate prices and it seems to be working!
Buy now, it's your last chance...
I may have some properties for you. The market continues to go up on a daily basis. I receive a lot of properties that are not listed on the MLS, and ca be bought at reasonable prices. I work wit a lot of investors, so if you are looking for reasonably priced investment properties you can contact me and I can put you on my mailer list of avaliable properties, that are wonderful income producing properties. I look forward to hearing from you.
Keller Williams Realty Partners SW