Friday, November 6, 2009

Times Are Tough in Miami

The Conforming loan originations for Miami have dropped by over 50% when comparing September 2009 vs. September 2008.

Click on the image below for a larger view.

This market has probably not reached the bottom yet. Some estimates are suggesting that the median home price in Miami could drop another 30% by next June. Let us hope they are wrong. We will continue to monitor this market over the next six to eight months.

4 comments:

Patrick said...

Awesome real estate post. I’ll definitely recommend it to other. Thanks

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