There may be hope for South Florida. Today, the Miami Herald released an article focusing on the decrease in bank-owned and foreclosure set homes ruling the real estate market. A year ago, these distressed properties totaled 70 percent of the listings while now, regular for sale homes are taking half the selling market. This seems like quite the step up in one year.
A Miami brokerage released some statistics showing that single-family homes in Dade county increased price by 26 percent from the beginning on 2011 to 2012, most likely due to the 17 percent decrease in distressed properties.
To read more about this topic from the Miami Herald, Click HERE
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