A Number of Factors Influence the Fate of the Miami Real Estate Market
Investors and market watchers are still worrying about a potential Miami real estate bubble. The five year boom has generated a Miami real estate price increase of approximately 50 percent over the past five years, and many wonder whether the market isn´t about ready to boil over.
The "continued violence in Iraq and the income-drag of high gas prices will make consumers cautious," while investors worry about the "prospect of steadily rising interest rates."
Just what exactly will happen to the Miami real estate market is anybody´s guess. Experts say it´s too soon to tell but that the end result rests heavily "on the interaction of all the forces playing on the market." These forces include investor willingness "to continue pouring money into mortgage-backed securities," the supply and demand of Miami real estate and the increase or decrease of mortgage rates.
The "continued violence in Iraq and the income-drag of high gas prices will make consumers cautious," while investors worry about the "prospect of steadily rising interest rates."
Just what exactly will happen to the Miami real estate market is anybody´s guess. Experts say it´s too soon to tell but that the end result rests heavily "on the interaction of all the forces playing on the market." These forces include investor willingness "to continue pouring money into mortgage-backed securities," the supply and demand of Miami real estate and the increase or decrease of mortgage rates.
