The aftershocks of the last housing boom are still lingering, but developers are once again rushing to buy up land and erect new condo towers in downtown Miami’s burgeoning metropolis.
At least six new condo projects are slated to break ground in Miami in the coming years, with developers promising to announce several additional projects soon.
For skeptical housing analysts and weary homeowners, the sudden flurry of developer excitement in the midst of double-digit unemployment and stagnant home prices brings back not-so-distant memories of the last housing boom, and its epic bust.
Read more: Miami Herald
Home in U.S. encourage its clients not to wait to buy into the Miami market as all this renewed interest for Miami will likely impact pricing moving forward.
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