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The Real Deal Miami

A positive Miami price forecast?

October 19, 2011 12:21PM

While Miami real estate is nowhere near the levels of the
boom years, some experts say Miami-Dade County home prices could rise.
“You can see that our monthly closings and sales are inching up,” said
Patrick O’Connell, a senior vice president of new business development
at EWM, speaking at a real estate luncheon last week in Coral Gables.
“All the numbers are going in the right direction now, and that’s what we
want to see.” Jack Levine, chairman of the board of the Miami
Association of Realtors, said the only real hangup was the continued
struggle for financing. “The buyers are coming in here and they want to
buy, and the pricing is great.” [Miami
Today]