Miami Homes May Be Hard to Find for Renters

Miami condos have been so popular for so long now that many Miami apartments have been converted into condominium units. As a result, the Miami Herald has found that many renters are finding it difficult to find a Miami home to rent.

A Pompano Beach economic research firm, Reinhold P. Wolff Economic Research, found only a 3.6% vacancy rate in Miami apartments.

People who are still renting are also facing many impediments to purchasing a Miami home, now that prices have increased so dramatically.