Buying Luxury Real Estate Mortgage information Selling

Miami Real Estate On Sale

With prices still on a downward slide in South Florida, the number of sales are up as buyers realize the buying opportunity these price decreases represent.  And although 30-year mortgage rates inched up slightly this week, they are still under 5% and near historic lows.

These interest rates will help first time buyers, but may not play much of a difference in Miami’s high end market:  2 out of 3 sales in the $1,000,000 and over market are cash sales.