Home sales up in Miami last two months
October 25, 2008
The Miami Herald reported today that sales have been up the last two months. Buyers are still having problems getting financing, but since prices have gone down to 2004 levels, those that do qualify are jumping in.
http://www.miamiherald.com/news/broward/story/740881.html
Mortgage defaults which don’t always end up in the banks title or actual foreclosure decreased, but it is thought that is an aberrationl. It is probable that the banks filed less foreclosures last month as they were waiting to see what was going to happen with the bailout. Either way, I’ve heard several economist say that the bottom will be in mid to end of 2009.
Map of States in Recession compared to last year
October 24, 2008
This video shows a map of the 27 states that are in recession right now. 6-9 months ago there were only 5, of which Florida was one of them. According to the National Association of Business Economics, housing prices in the real estate market will bottom mid 2009.


Blanca has 24 years of Real Estate expertise in the Miami area. She is a certified Luxury Home Specialist. Because of current market conditions, she has acquired additional certifications as an REO Specialist(RDC Pro) and Certified Foreclosure Prevention Specialist(CREO). Her education of a Bachelors in Finance/International Business gives her an edge in assisting buyers & sellers in today's market. She is passionate about living in Miami, her home town since childhood.