Investing in real estate requires recognizing trends and FUTURE trends in financial market, foreign currency, supply of condos vs. demand, income to housing ratio, crime rate, etc. Purchasing on the moment can lead to financial loss. Here is an article from the Miami Herald alerting a softening of the condo market impacting the downtown Miami area.
Miami Herald, March 5, 2015
Report: Downtown condo market to cool downA new study confirms the latest chatter from real estate watchers: Miami’s sizzling downtown condo market is cooling down.
Skyrocketing construction costs, overheated land prices and falling foreign currencies have finally caught up with a housing market that boomed after the lean years of the recession.[CLICK HERE to continue reading.]