Miami’s Condo Market Rebounds, Stoking a Building Boom - NYTimes.com: "In February, national home prices jumped by 9.3 percent over the same month a year ago, the highest growth rate since May 2006, according to data released on Tuesday by the S&P/Case-Shiller index, which measures 20 major cities.Miami fared better than most, with home values rising by 10.4 percent. The local condo market, which is not counted in the Case-Shiller data, is equally robust. Prices of condos in downtown Miami increased to $440 a square foot in the last quarter, compared with $400 in the same quarter a year ago, according to Condo Vultures, a local brokerage. With foreign buyers scooping up properties, developers are trying to capitalize on the demand."
Miami Condo Market Rebound and Building Boom
What goes down must come up . . .
As home prices recover and demand for safe investments by foreign investors rises, Miami is booming again with 25 condo projects--
Miami’s Condo Market Rebounds, Stoking a Building Boom - NYTimes.com: "In February, national home prices jumped by 9.3 percent over the same month a year ago, the highest growth rate since May 2006, according to data released on Tuesday by the S&P/Case-Shiller index, which measures 20 major cities.Miami fared better than most, with home values rising by 10.4 percent. The local condo market, which is not counted in the Case-Shiller data, is equally robust. Prices of condos in downtown Miami increased to $440 a square foot in the last quarter, compared with $400 in the same quarter a year ago, according to Condo Vultures, a local brokerage. With foreign buyers scooping up properties, developers are trying to capitalize on the demand."
Miami’s Condo Market Rebounds, Stoking a Building Boom - NYTimes.com: "In February, national home prices jumped by 9.3 percent over the same month a year ago, the highest growth rate since May 2006, according to data released on Tuesday by the S&P/Case-Shiller index, which measures 20 major cities.Miami fared better than most, with home values rising by 10.4 percent. The local condo market, which is not counted in the Case-Shiller data, is equally robust. Prices of condos in downtown Miami increased to $440 a square foot in the last quarter, compared with $400 in the same quarter a year ago, according to Condo Vultures, a local brokerage. With foreign buyers scooping up properties, developers are trying to capitalize on the demand."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment