Miami real estate statistics

The decline cycle has finally ended for Miami real estate with the recent home and condo-buying phenomenon. The counties of South Florida have collectively experienced a huge drop in foreclosed homes and condos. A wave of New Yorkers have come to seek refuge in many of the upscale Miami Beach rentals.

This has had a significant impact on the employment status of the state. I has also drawn a hefty amount of foreigners to the upscale properties of downtown Miami, and other surrounding areas of this booming South Florida region.