Miami real estate news and information

Market Improves in 2013…Similar Trends in 2014

According to the Associated Press, in an article from January 27, 2014, home sales in 2013 were the highest they’ve been in five years. It was the second year that sales were up since 2008. Analysts are predicting that the number of sold homes will continue to rise in 2014. In the summer of 2013, interest rates rose and prices were up on homes because of the limited amount of inventory available to consumers. These things combined, it made buying a home less affordable. We have also seen a rise in construction, up 18.3% since 2012.

What does this mean for you, the consumer? It’s still a good time to buy. Although interest rates are higher than they were last year, they are still historically low. Call, email, text us– but don’t wait! Let us help you find your dream home NOW!

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