The Real Deal Miami

Editor’s note: Miami’s luxe market loses steam

TRD also looks at trends in office condos, Miami Beach spec homes

November 04, 2015 10:30AM
By Stuart Elliott

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Stuart Elliott

The Real Deal’s editor-in-chief Stuart Elliott

From the October issueWell, it was bound to happen.

After using verbs like “soaring” and “booming” and “skyrocketing” to describe Miami’s luxury residential market for the past five years, momentum may be slowing.

Fueled by a buildup of inventory and a strengthening U.S. dollar, which has driven away some foreign buyers, cracks in the armor are starting to appear. [More]