Miami Home Prices Continue to Decline, Presenting Buying Opportunities

Although today’s  S&P/Case Schiller Price Home Index  showed a slight 0.5%  increase in home prices between April and May, Miami had a 0.8% decrease.  Nationally, this was the first month to month increase in three years and has many people claiming that the real estate market appears to be stabilizing as price decreases level off.

Overall, this is great news as any stabilization in the housing market will help ease a lot of the economic problems that resulted in the market’s severe free fall.  This does not mean that prices will be going up any time soon, especially in hard hit areas like Miami, but rather that the decreases should not be as significant as they have been.  Home prices in Miami are down 25.2% over last year’s prices and the market in Florida still has a long way to go before we can say we have recovered.  Some facts that will keep our market trudging along slowly:

  • Florida’s real estate market still has a lot of inventory to work through;
  • Spring and early Summer normally have higher sales as families purchase and settle in before a new school year;
  • $8000 first time buyer credit expires at the end of November.  If you are a buyer that qualifies for this credit, hurry;
  • Interest rates, while still low, have started to move up slightly;
  • There are probably many sellers sitting on the sidelines waiting for the inventory to decrease a bit before listing their property
  • The majority of sales and listings are still short sales and foreclosures.

This is not doom and gloom news.  Just a reality check.  There are great deals out there if you are a buyer or investor.  If you are a seller, be realistic with your sales price and your property will sell.

About The Author

Jennifer Wollmann

Comments

  1. http://tinyurl.com March 24th, 2019 at 7:42:15 pm

    Greetings I am so thrilled I found your web site,
    I really found you by mistake, while I was browsing on Bing for
    something else, Regardless I am here now and would just like to say thanks a
    lot for a tremendous post and a all round entertaining blog (I also love the theme/design),
    I don’t have time to read it all at the moment but I have book-marked it
    and also added your RSS feeds, so when I have time I will be back to read more, Please do keep up the
    great job.

  2. tinyurl.com March 24th, 2019 at 9:10:08 am

    You’re so awesome! I do not think I’ve read a single thing like this before.
    So nice to discover someone with a few original thoughts on this subject.
    Really.. thanks for starting this up. This website is something that is required on the internet,
    someone with some originality!

  3. tinyurl.com March 23rd, 2019 at 10:41:48 pm

    Please let me know if you’re looking for a writer for your blog.

    You have some really good articles and I feel I would be a good asset.
    If you ever want to take some of the load off, I’d love to write some content
    for your blog in exchange for a link back to mine.
    Please blast me an email if interested. Many thanks!

  4. Carlos Eduardo Veiga Petrobras March 23rd, 2019 at 3:34:12 am

    Howdy, i read your blog occasionally and i own a similar one and i was just wondering if
    you get a lot of spam feedback? If so how do you stop it, any plugin or
    anything you can suggest? I get so much lately it’s driving me mad so any assistance is very much appreciated.

  5. Leandro Martins de Almeida March 22nd, 2019 at 9:48:39 pm

    My brother recommended I may like this web site.
    He was totally right. This post truly made my day.
    You cann’t imagine just how so much time I had spent for this
    info! Thank you!

  6. Matthew Linklater March 22nd, 2019 at 6:46:02 am

    All kinds of investments include sure risks.

  7. Leandro Martins de Almeida March 22nd, 2019 at 1:36:41 am

    Everyone loves it when folks come together and
    share views. Great website, continue the good
    work!

  8. Jane March 21st, 2019 at 5:32:32 pm

    I’m now not certain the place you’re getting your info,
    however good topic. I must spend a while learning more or figuring out more.
    Thank you for wonderful info I was in search of this information for my mission.

  9. tinyurl.com March 21st, 2019 at 5:34:10 am

    I could not resist commenting. Exceptionally well
    written!

  10. Rodrigo Branco March 20th, 2019 at 11:46:11 pm

    I have read so many articles about the blogger lovers but this article is truly a pleasant post,
    keep it up.

  11. Ola March 20th, 2019 at 1:41:27 pm

    I read this piece of writing fully on the topic of the difference of most up-to-date and earlier technologies, it’s remarkable
    article.

  12. http://tinyurl.com/y47rovd7 March 20th, 2019 at 1:09:16 pm

    Heya i am for the primary time here. I found
    this board and I find It truly useful & it helped me out a lot.
    I hope to provide one thing back and help others
    like you helped me.

  13. tinyurl.com March 20th, 2019 at 6:32:53 am

    If you wish for to increase your knowledge simply keep visiting this site and be updated with the most
    recent news update posted here.

  14. tinyurl.com March 19th, 2019 at 7:04:55 am

    It’s very straightforward to find out any matter on net as compared to books, as I found this
    post at this web site.

  15. http://tinyurl.com/y3pxn23p March 18th, 2019 at 8:29:10 am

    If you are going for best contents like me, simply visit this website daily for the reason that it presents quality contents,
    thanks

  16. Camille March 18th, 2019 at 6:40:35 am

    Aw, this was a really good post. Taking the time and actual effort to make a really good article… but what can I say… I
    hesitate a lot and don’t manage to get nearly anything done.

  17. tinyurl.com March 17th, 2019 at 4:44:23 am

    It’s an remarkable post in favor of all the internet users; they
    will take advantage from it I am sure.

  18. bit.ly March 16th, 2019 at 1:13:44 pm

    Welcome to Morris Heating & Cooling Inc.

  19. Patrice March 16th, 2019 at 10:58:35 am

    Hey there! I could have sworn I’ve been to this site before but after reading through some of the post I realized it’s
    new to me. Anyhow, I’m definitely glad I found it and I’ll be bookmarking and checking back often!

  20. tinyurl.com March 14th, 2019 at 8:40:02 pm

    I enjoy reading through an article that will make men and women think.
    Also, thanks for allowing me to comment!

  21. Edwin March 14th, 2019 at 3:18:16 pm

    I loved as much as you’ll receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get bought an impatience over that you wish be delivering the following.
    unwell unquestionably come further formerly again as
    exactly the same nearly very often inside case you shield this increase.

  22. Tara March 14th, 2019 at 10:37:55 am

    It is not my first time to visit this website, i am browsing
    this website dailly and get good facts from here daily.

  23. Hollie March 14th, 2019 at 4:57:28 am

    Hi are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and
    create my own. Do you require any coding knowledge to make your
    own blog? Any help would be really appreciated!

  24. Reuben March 14th, 2019 at 12:02:03 am

    I enjoy reading through a post that can make men and women think.
    Also, thanks for permitting me to comment!

  25. http://tinyurl.com/yyw46pwd March 13th, 2019 at 11:04:21 pm

    whoah this blog is magnificent i really like reading your posts.
    Keep up the good work! You realize, lots of people are hunting round for this information, you could help them greatly.

  26. Eloise March 13th, 2019 at 10:13:46 pm

    Quality posts is the important to interest the visitors to pay
    a quick visit the website, that’s what this website is providing.

  27. Leandro Martins de Almeida March 13th, 2019 at 6:43:56 pm

    Its not my first time to pay a visit this web page, i am
    visiting this website dailly and obtain fastidious facts
    from here all the time.

  28. Indiana March 13th, 2019 at 5:59:00 pm

    My spouse and I stumbled over here by a different web page and thought
    I might check things out. I like what I see so now i am following
    you. Look forward to looking at your web page for
    a second time.

  29. http://tinyurl.com March 13th, 2019 at 1:46:06 pm

    You ought to take part in a contest for one of the greatest websites online.

    I’m going to highly recommend this site!

  30. Arron March 13th, 2019 at 3:25:27 am

    Hey there! Quick question that’s completely off topic. Do you know how
    to make your site mobile friendly? My weblog looks weird when browsing
    from my iphone4. I’m trying to find a template or plugin that might be
    able to fix this issue. If you have any recommendations, please share.

    Thanks!

  31. http://tinyurl.com March 12th, 2019 at 8:22:12 pm

    Hello to all, because I am genuinely eager of reading this webpage’s post to be updated on a regular
    basis. It includes pleasant stuff.

  32. tinyurl.com March 12th, 2019 at 12:19:30 pm

    excellent put up, very informative. I’m wondering why the opposite specialists of this sector do not realize
    this. You should proceed your writing. I am confident, you’ve a huge readers’ base already!

  33. Tayla March 12th, 2019 at 6:50:32 am

    Its such as you learn my thoughts! You seem to understand a
    lot about this, like you wrote the guide in it or something.
    I think that you just can do with some p.c. to drive the message house a
    bit, however other than that, that is excellent
    blog. A great read. I will definitely be back.

  34. Randolph March 10th, 2019 at 6:38:16 am

    Why users still make use of to read news papers when in this
    technological globe the whole thing is available on web?

  35. Luiz Gastão Bittencourt March 8th, 2019 at 1:12:15 pm

    This is really interesting, You’re a very skilled blogger.
    I’ve joined your feed and look forward to seeking more of your magnificent post.
    Also, I’ve shared your site in my social networks!

  36. Winona March 8th, 2019 at 9:57:13 am

    Hello, just wanted to tell you, I liked this article.
    It was practical. Keep on posting!

  37. Trey March 6th, 2019 at 12:27:14 pm

    Good day I am so happy I found your web site,
    I really found you by mistake, while I was researching on Bing
    for something else, Regardless I am here now and would just like to say thank
    you for a remarkable post and a all round entertaining blog (I
    also love the theme/design), I don’t have time to read through it all at the minute but I have book-marked it and also added in your RSS feeds, so when I
    have time I will be back to read a great deal more, Please do keep up the fantastic job.

  38. Theda March 6th, 2019 at 10:25:09 am

    Hi friends, fastidious article and pleasant arguments commented at this place, I am
    actually enjoying by these.

  39. Matt Linklater March 6th, 2019 at 10:24:32 am

    I like what you guys are usually up too. This sort of clever work
    and coverage! Keep up the great works guys I’ve incorporated you guys to my blogroll.

  40. Tiffany March 5th, 2019 at 10:19:56 pm

    Hello, i read your blog occasionally and i own a similar one and
    i was just curious if you get a lot of spam remarks?
    If so how do you stop it, any plugin or anything you can suggest?

    I get so much lately it’s driving me mad so any help is very much appreciated.

  41. Kristofer March 2nd, 2019 at 11:29:41 pm

    I like the helpful information you provide in your articles.
    I will bookmark your blog and check again here frequently.
    I am quite certain I will learn a lot of new stuff right
    here! Good luck for the next!

  42. Shelli March 1st, 2019 at 1:20:50 pm

    I’ve read some just right stuff here. Certainly worth
    bookmarking for revisiting. I surprise how so much attempt you set to make any such
    fantastic informative website.

  43. Magda February 25th, 2019 at 2:57:14 pm

    My partner and I stumbled over here different page and thought I should check things out.
    I like what I see so i am just following you. Look forward to looking over your
    web page repeatedly.

  44. Taylah February 25th, 2019 at 12:27:57 pm

    Asking questions are in fact nice thing if you are not understanding something fully,
    except this paragraph offers pleasant understanding yet.

  45. Grady February 23rd, 2019 at 12:39:40 pm

    Hello to every one, it’s actually a pleasant for me to
    go to see this web page, it contains helpful Information.

  46. Matthew Linklater February 23rd, 2019 at 3:07:38 am

    A fascinating discussion is definitely worth comment. I do think that you should publish more about this topic, it may not be a taboo matter but typically people
    don’t talk about these topics. To the next! Kind regards!!

  47. Antoinette February 23rd, 2019 at 12:36:56 am

    I really like reading through an article that can make men and women think.
    Also, thank you for allowing me to comment!

  48. Deloras February 20th, 2019 at 5:17:40 pm

    I will right away grab your rss feed as I can’t to find your email
    subscription hyperlink or e-newsletter service.
    Do you have any? Kindly permit me realize in order that I may just subscribe.

    Thanks.

  49. Mitchell February 19th, 2019 at 4:31:27 pm

    It’s very simple to find out any topic on net as compared to textbooks, as I found this article at this site.

  50. Marvin February 18th, 2019 at 6:10:06 pm

    Financial advisors enterprise is people enterprise.

  51. Shaunte February 17th, 2019 at 8:08:56 pm

    A financial advisor is your planning companion.

  52. Claire February 17th, 2019 at 8:03:38 pm

    Now it is time to pick your particular investments.

  53. Palma February 17th, 2019 at 7:58:09 pm

    All kinds of investments come with certain risks.

  54. Ivy February 16th, 2019 at 9:41:02 pm

    Financial advisors business is individuals business.

  55. Refugio February 16th, 2019 at 7:34:33 pm

    Financial advisors business is individuals enterprise.

  56. Melva February 14th, 2019 at 9:29:20 pm

    A monetary advisor is your planning accomplice.

  57. John February 14th, 2019 at 8:36:16 pm

    Now it’s time to decide your specific investments.

  58. Sasha February 13th, 2019 at 11:57:44 pm

    That is true for investment recommendation as nicely.

  59. Adolph February 13th, 2019 at 8:31:01 pm

    Now it’s time to decide your specific investments.

  60. Carma February 13th, 2019 at 7:57:26 pm

    Monetary advisors enterprise is people enterprise.

  61. Julienne February 13th, 2019 at 7:04:03 pm

    All forms of investments come with sure dangers.

  62. Catharine February 13th, 2019 at 9:29:07 am

    This is true for funding recommendation as properly.

  63. Albertina February 13th, 2019 at 2:57:26 am

    Take into account investments that supply instant annuities.

  64. Darrell January 30th, 2019 at 7:01:25 pm

    A financial advisor is your planning partner.

  65. brazilian wax kit January 30th, 2019 at 3:09:36 am

    Hey! I know this is kinda off topic but I was wondering which blog platform are you using for this website?

    I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at
    options for another platform. I would be awesome if you could point me in the direction of a
    good platform.

  66. Alexandra January 29th, 2019 at 9:40:10 pm

    Schwab Intelligent Portfolios invests in Schwab ETFs.

  67. hi January 28th, 2019 at 7:16:08 pm

    I absolutely love your blog.. Very nice colors & theme.
    Did you build this amazing site yourself? Please
    reply back as I’m planning to create my own site and would love
    to find out where you got this from or exactly what the
    theme is called. Cheers!

  68. hi January 28th, 2019 at 6:55:23 pm

    Do you have a spam problem on this blog; I also am a blogger, and
    I was wondering your situation; we have created some nice
    practices and we are looking to exchange solutions with others, please shoot me an e-mail if interested.

Leave A Comment

Affiliates & Brokerages