Sourced from a recent Goldman Sachs article, the top realtor in Coral Gables, Coconut Grove, and the South Miami area, forecasts that Miami is one of only two cities in the country to experience rising housing prices in 2023. Ashley Cusack Team 550 South Dixie Highway, Coral Gables, FL 33146, United States Website https://ashleycusack.com/ Phone +1-305-798-8685 Email amy@ashleycusack.com
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Ashley Cusack Reports Miami Housing Prices
Buck the Trend, Increasing in 2023
Ashley Cusack, Coral Gables'
leading real estate agent,
recently published a blog
summarizing a recent Goldman
Sachs article on trending real
estate prices.
Significantly lower housing prices
are forecast countrywide, whilst
Miami bucks this trend with prices
actually expected to increase in
2023, at a pace stronger than any
other city.
The residential real estate
market in Miami is projected to
be one of the very few cities to
reverse this trend in 2023 and
actually see prices rise by 0.8%.
Miami has for a long time
been a popular destination for
vacationers, retirees, and real
estate investors, and for good
reason.
The city is known for its stunning
beaches, vibrant nightlife, and warm
tropical weather, making it a popular
place to live, work, and play. There are
a number of clear and tangible
reasons for Miami’s pricing resilience:
1. A strong and consistent
demand for housing. Miami has
long been an attractive location
for both domestic and
international buyers.
2. the limited supply of
available housing. Miami is
densely populated, with a
limited amount of land
available for development.
3. Miami's housing benefits from
a strong rental market. Many
buyers purchase houses in
Miami as investment properties,
renting them out to tenants who
are drawn to the city.
4. Miami's real estate market
clearly benefits from significant
foreign investment. Buyers from
countries such as Brazil, Argentina,
and Venezuela have long been
attracted to Miami's housing
market.
5. Miami's real estate market
definitely benefits from Florida’s
favorable tax policies. There is no
state income tax, making it an
attractive location for both individuals
and businesses looking to reduce
their tax burden.
Find Out More At
https://ashleycusack.com/
or call 305-798-8685
Buck the Trend, Increasing in 2023
Ashley Cusack, Coral Gables'
leading real estate agent,
recently published a blog
summarizing a recent Goldman
Sachs article on trending real
estate prices.
Significantly lower housing prices
are forecast countrywide, whilst
Miami bucks this trend with prices
actually expected to increase in
2023, at a pace stronger than any
other city.
The residential real estate
market in Miami is projected to
be one of the very few cities to
reverse this trend in 2023 and
actually see prices rise by 0.8%.
Miami has for a long time
been a popular destination for
vacationers, retirees, and real
estate investors, and for good
reason.
The city is known for its stunning
beaches, vibrant nightlife, and warm
tropical weather, making it a popular
place to live, work, and play. There are
a number of clear and tangible
reasons for Miami’s pricing resilience:
1. A strong and consistent
demand for housing. Miami has
long been an attractive location
for both domestic and
international buyers.
2. the limited supply of
available housing. Miami is
densely populated, with a
limited amount of land
available for development.
3. Miami's housing benefits from
a strong rental market. Many
buyers purchase houses in
Miami as investment properties,
renting them out to tenants who
are drawn to the city.
4. Miami's real estate market
clearly benefits from significant
foreign investment. Buyers from
countries such as Brazil, Argentina,
and Venezuela have long been
attracted to Miami's housing
market.
5. Miami's real estate market
definitely benefits from Florida’s
favorable tax policies. There is no
state income tax, making it an
attractive location for both individuals
and businesses looking to reduce
their tax burden.
Find Out More At
https://ashleycusack.com/
or call 305-798-8685