Strong returns for Miami rentals

While the real estate downturn shrunk Miami’s economy more than 3
percent between 2006 and 2009, and the sales market followed suit, Miami
rentals are singing a different tune. “The rental market is becoming a
major driver of renewed housing demand,” stated a report from TD
Economics. “Property investors are taking notice, buying homes and even
engaging in some minor building. It appears Miami home sales, alongside a
modest increase in prices, has more to do with investor demand than
home ownership.” [Canadian
Real Estate Magazine]