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Wednesday, October 3, 2012

In Miami Housing Market, Cash Really is King

Posted by Jonathan J. Miller -Friday, May 4, 2012, 8:16 AM
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[click to expand]

I wanted to illustrate how little of the Miami housing market today is financed with a mortgage. And despite that, sales activity is trending higher. Counter intuitive but a reflection of its two drivers of demand: investor at the lower end and cash buyers, often foreign, at the upper end.

Any thoughts on the FHA, Conventional financing cross over back in 2Q 2011?

I’m slowly starting to build our Miami chart archive.


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