Real Estate Prices In South Florida Will Most Likely Not Decrease

Real Estate Prices In South Florida Will Most Likely Not Decrease

In the last few years prices in South Florida climbed and are now very close to where they were before the market crashed in 2008. I often hear from buyers that now is not a good time to buy and that they want to wait for another small drop before purchasing.

The only problem is that I have been hearing that for the past 2-3 years and in the meantime prices keep going up!

Recent research, done by Arch Mortgage Insurance Co., concludes that the odds that prices will decrease by 2018 in the state of Florida are 2%. They say that the likelihood of decreased Real Estate prices in Broward County is 3% and that Palm Beach County properties have a 4% chance to decrease. Miami Dade County chances of a price drop are at 2%.

So, if you are looking to purchase your new home, don't wait for a price drop that may or may not come. Researches say that the odds of a price decrease by 2018 are very slim. 

Look at your needs and what the market has to offer and make sure your are working with a professional real estate consultant and a professional lender that can educate you,guide you through the process and offer you a genuine professional advice - and go get your new home!

David Sinbela Headshot
Phone: 954-336-8058
Dated: July 6th 2016
Views: 109
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