From the August issue: Miami’s real estate sector has been in a slump for nearly two years. According to a July report by data provider RealtyTrac, the Miami area ranks 10th in the country in percentage of foreclosures. About one house in 62 is in foreclosure. Because of continuing oversupply of units, tightened lending standards and would-be buyers waiting for further price declines, the overall picture has become even more muddied. So what do experts on the spot think it will take for the market to rebound?
Is this the bottom for Miami?
August 20, 2008 09:52AM
By Robyn A. Friedman
