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Foreign investors may help Miami real estate market

Foreign buyers look to Miami more frequently than they look at New York when deciding on real estate investments. Why? Six of the top 10 real estate markets in the country are located in Florida. The triple threat of affordable properties, beautiful weather and stellar views are difficult to beat it seems. This year is proving to be the best year for Miami real estate since the housing bust. Although the city hasn’t completely bounced back, more than half the residential property inventory has been bought up, in large part, by foreign investors looking to have a stake in the United States housing market. By year’s end, Miami’s housing market may claim a 5 to 10 percent increase over last year’s figures

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