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Home Buyer Activity Increases in Miami

HouseI have to apologize to my 7 (he he) loyal readers for not writing in ten days. This blog truly is kept up by me and not a ghost writer. Yes, believe it or not there are real estate bloggers out there who aren’t really writing their own stuff. Gasp!

Anyway, I am not here to trash those agents who would go against the nature of blogging and hire their writing out. Nor am I here to claim that blog purists insist “you’re not a blogger unless you’re doing your own blogging.” Whatever.

I’m simply stating that I have been busy. Super busy. Wait-it’s-3-o’clock-and-I-haven’t-yet-had-lunch-busy. And I imagine that if I had been interviewed by Canal 51 Telemundo (they asked) for their piece on foreclosures, I would be even busier. (Being busier is not always my goal btw).

The simple truth of the matter is that there has been an increase of buyer activity in Miami-Dade county since the first of the year. I noticed it. My colleagues noticed it. No, wait. “Noticed it,” would be an understatement. We noticed it then reveled in it. That rare commodity known as a buyer was making it’s reappearance. Hip,hip and hooray.

Why has there been a resurgence of home buyers in the last two months? I can’t attribute it strictly to the amendment 1 voting. That took place at the end of January and we noticed the shift at the beginning. Were home buyers starting to gain confidence knowing that the vote was coming up and things might start picking up afterwards? Perhaps.

I do think the buyers that are out there right now are fully aware that this is a great time to be buying a home in Miami. Home prices will not continue on a downward spiral forever. At some point the market will shift and the trend will be an upwards one. Listen to me please, by the time this happens, it will be too late to have gotten the lowest price. By the time one realizes, “oh, we’ve hit the bottom,” it will be because we’re on the rebound again and prices have started to climb back up. In real estate, as in the stock market, you can analyze all you want, but the truth remains that the only way to tell the very peak of a market or the absolute lowest point is in hindsight.

The fact remains that this is still Miami. And contrary to many’s beliefs, there are those who love living here (hand up – me, me!). Miami will continue to draw people here with it’s vibrant joie de vivre, cultural events, melting pot diversity, ever-increasing high quality restaurants, and let’s face it, the jewel in Miami’s crown, the weather, which makes for a different way of life. I was raised in New York City. Not a winter passes for me in Miami when I don’t think about my NYC peeps who are bundling up to go to work and I’m in a T-shirt. I don’t think I am the odd one out when I say I relish the knowledge that I’m not wearing a parka in the middle of January.

So those of you who’ve been sitting on that fence for a while…it’s still a great time to jump off and see what your dream home is selling for now. You might be pleasantly surprised.

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These articles are not intended to give legal or tax advice, and you should consult your attorney or financial advisor for additional information.

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