South Florida’s sagging housing market has drawn a lot of attention from overseas buyers hoping to cash in on distressed real estate prices.
Miami’s depressed condo market is getting a boost from abroad.
If you’re in the market for a home and meet certain income criteria, the Neighborhood Stabilization Program (NSP) might be for you.
An index of home prices in big metro areas, including South Florida, has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
Home values in South Florida fell nearly 13 percent in the first three months of this year, compared to the same period last year, according to real estate tracker Zillow.com.
As the economy continues to ebb along with slight signs of improvement, many have wondered if the housing market is finally on the road to recovery.
There’s encouraging news about the state’s housing market. Real estate experts are showing some renewed optimism in Florida’s home sales, but they’re waiting for potential buyers to agree.