Condo market in Miami appears to be in trouble — in other words, “in the early stages of a distressed preconstruction condo market,” according to StatFunding Founder Andrew Stearns, as inventory soars and is expected to increase by 417% over the next two years!
More specifically, over the last three years, inventory has increased from about 8,000 units to over 14,000 units, and transaction volume is down about 30% year over year. And in the next two years, there are ...

Throwback to 2009?

Do you remember the real estate market in 2009? Let me refresh your memory… landlords and condo developers were dangling a month or two of free rent; sellers were offering paid attorneys’ fees to interested buyers and everyone was experiencing falling prices.

While we aren’t close to the 2009 scenario, the market has started to turn in different segments of New York’s residential market after five+ years of increasing real estate values. And in some cases, it’s the buyers ...