Condo king Jorge Perez said on national television recently that he would be collecting 100% deposits on new condos he is building in South Florida.
Downtown Miami is enjoying a renaissance of sorts in the real estate market as condo sales boom after completely crashing in 2009. Now, cash is required and getting your hands on a stylish condo is getting tougher.
While South Florida’s economy as a whole is recovering, the housing market is doing the opposite.
When longtime realtor Hazel Goldman listed a two bedroom South Miami house recently she was surprised to see what happened just six days later. It was sold.