Three Factors that Indicate Better Days for Miami Real Estate

by Isaac Benmergui, Esq on March 1, 2013

Bank frontIf you’re looking for solid numbers to prove Miami’s real estate comeback, you only have to look to three indicators from separate sources as testament.

In December, home values in South Florida rose by 11 percent when compared with years past, according to a report from Case-Shiller. Next, foreclosure activity and mortgage delinquencies also fell in December as reported by Core Logic.

The final indicator is more encouraging for commercial borrowers. The 79-unit Mansions at Acqualina received financing of $160 million for completion of the project.

Lender Confidence Key to New Development

Confidence by lenders in large projects is a leading indicator of an improving real estate market; it suggests that more development is warranted.  With more buyers from different countries than ever before searching for high-end properties and paying with cash, developers need to get their projects underway quickly.

With billions in new investments in public projects planned as well all indicators points are pointing upward for Miami’s comeback real estate market.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

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