Buying Investment Real Estate

Is Miami Real Estate Undervalued?

According to an article in today’s South Florida Business Journal, a report by IHS Global Insight suggests that in grossly overvalued markets, prices dropped an average of 37% from 2005 until the fourth quarter of 2009.  In Miami, prices have fallen 35.8% in that time frame.  The report suggests that for the country as a whole, the real estate market is now slightly undervalued.