Monday, August 30, 2010

Home Sales Drop in Some Areas and Remain Stable in Others

If you have been paying attention to the news on the television and in the papers lately, you probably know that the real estate market seems to be in a bit of a bind. Home sales are dwindling, and people aren’t able to get into the homes that they want. While this may be a problem in many areas of the country, it doesn’t hold true for certain locations.

Why is there such a difference based on geography? The old saying of “location, location, location,” is very true in the real estate world. People are still buying homes in Miami because of the location. It offers people a close proximity to the beach as well as all of the attractions and shopping in the city. They have major sports teams, and they have great weather; the city offers excellent nightlife and incredible restaurants too. Miami is far more than just a vacation destination: people truly want to live there and experience the good life throughout the year. Who could blame them?

Who are all of the people who are moving south and stimulating the real estate market? They are people just like you, people who are tired of spending time in the cold, people who want to enjoy their retirement. You can also find people who are in the prime of their lives, young families and singles who want all of the glamour and excitement that a city like Miami holds.

It is more than just the snowbirds and the retirees that are buying up property in Miami. People from all around the world are attracted to the great prices on the luxury condos. The prices are only part of the factor though. People want to live near the water and they want to be close to a large city with great schools. All of these are reasons that the area around Miami is still doing so well even though other places in the country are struggling when it comes to real estate.

This is particularly excellent news for those who are looking to sell their homes. They should have no trouble in finding buyers who are ready to make the move to Miami.

With all of the great properties that are available now, with more high-rise condo buildings coming, now is a great time to start looking at a new home in Miami.

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