I'm been hearing rumors that the first half of 2008 will be a great year for real estate sales in Miami. I heard it will be a seller's market.
2007-08-26 02:10:14 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Florida will take another 5 years to recovery.
Too expensive and financing doesn't make the situation better and allot of investors filing bankruptcy. So it will take time, not only in Florida, everywhere. Good Luck!
2007-08-26 02:24:32 · answer #1 · answered by reality 6 · 0⤊ 0⤋
Yes, indeed, it will be a great year, providing there are plenty of jobs available. The Miami Chamber of Commerce needs to start contacting large corporations in the USA or even abroad, about moving one of their plants to the Miami, Dania areas so that people moving to the Miami area will have jobs to go to.
When people have good paying jobs, they tend to expand on their creature comforts, and buying real estate is one of those creature comforts.
So, as real estate professionals, you need to start getting the Miami Chamber of Commerce and the Mayor Office engaged in attracting American and foreign corporations to your area, maybe offering tax breaks and other incentives that large international corporations would be interested in having for opening a large plant, building their particular products in the Miami area. If you want a robust 2008 in the real estate market, sitting on your hands won't accomplish this, but actively attracting the larger corporations to expand in your cities is the way to create this new market for your profession.
Thank you,
2007-08-26 02:31:57 · answer #2 · answered by liquidfire 3 · 0⤊ 0⤋
that is extremely perplexing to assert. There could be a significant typhoon and that ought to extremely shrink to rubble revenues. Miami is a techniques late. Andrew hit to the south so Miami and the Miami coastline section have been given off extremely fortunate. the subject with Miami is they won't end construction. It drove me insane. The extra they build, the extra attainable residences there are and which could stress costs down. until eventually they end construction, i don't see it getting plenty extra helpful. i think of your perfect guess could be to place it back on the industry and supply something innovative so your place stands proud between the different 2000 condos on the industry. to illustrate: -can pay first 6 months condominium dues -can pay all / or a element of remaining expenses for client -purchase an previous activities vehicle for some thousand and say "unfastened Corvette/Trans Am...and so on...
2016-10-03 06:31:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, it will be a buyer's market. The days of the easy to aquire loans are over for quite a while and the Miami area is quite over-extended.
Have you missed the news on the home loan meltdown fiasco or is this one of those wishful thinking questions?
2007-08-26 02:14:05 · answer #4 · answered by khrome_wind 5 · 1⤊ 0⤋
It is just rumors. The home sales market will probably start coming back in 2008, but how well is all quess work.
2007-08-26 02:19:59 · answer #5 · answered by fangtaiyang 7 · 0⤊ 0⤋
It is tough to say.
Too many people have moved there, only to find out that they can't afford it, but a rercovery cycle is due, and January sounds like an ideal time for newcomers to buy property.
2007-08-26 02:14:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I doubt it, people are leaving in droves to atlanta, new york etc, becuase it got too expensive and there are no jobs
2007-08-26 02:13:03 · answer #7 · answered by shightfuhk 2 · 0⤊ 0⤋
no...it will take at least another year.
2007-08-26 02:13:31 · answer #8 · answered by Anonymous · 0⤊ 0⤋