We are still in a buyers market. When new construction begins to slow or stop completely, we will see that consumers/buyers will begin to help the real estate market repair itself and recover. Inventories of properties for sale will begin to diminish and the general supply and demand equation will come into greater balance. Best, Mark Palace, Founder/CEO Palace Properties International, Inc., 2065 Hwy A1A, Ste 1202, Indian Harbour Beach, FL 32937. tel: 321.704.9305

I believe that with all the new projects being completed and paired with the already high condo inventories in the Miami, Brickell areas, many investors will end up selling their units at the original pre-construction price, foreclosing on the unit or being forced to rent it for a period of 1-2 years before being able to sell it.

Still, you are welcome to visit http://www.dienerproperties.com to see all the condos currenlty listed in Miami.

Or you can click on these links to view information about various areas within Miami:

Brickell Key: http://www.dienerproperties.com/brickell-key-condos.htm
Brickell Avenue: http://www.dienerproperties.com/brickell-avenue-condos.htm
Coral Gables: http://www.dienerproperties.com/coral_gables.htm
Coconut Grove: http://www.dienerproperties.com/coconut_grove.htm
Deering Bay: http://www.dienerproperties.com/deering_bay.htm
Dadeland: http://www.dienerproperties.com/dadeland_area.htm

Kind regards,
Philippe Diener
Realtor-Associate
Avant Realty International

I'm sure that in future more and more people will use the internet when considering selling or buying a home. RElevantView released their "To Buy Or Not To Buy- Finding Your Dream Home Online" report, and one of the things it discovered is that "nine out of ten home buyers who are looking to purchase a home have either used the internet in their research already, or plan on using it as they complete their searches".

Below is the link to the report, you can read it in full for more details:
http://www.relevantview.com/Synresearch/eVOC_RV_Research_Rea…

This is a buyers market. If you are a buyer there is a lot to choose from. Pick the best most desirable properties for less. If you are a seller this is a buyers market. Be realistic, you cant ask for premiums where they dont exist. The premiums will make your home more desirable to sell faster. Price homes according to previous sales in the last 6 months, not the last 2 years.

Dear Arthur, the real estate market can be divided in many classes, national, state, local and by individual neighborhoods. In general the overall market has continued to increase and probably will without major dips. I agree, this is not the time to try to flip, but, as with any investment, buying and holding are suggested. An interesting study into the volitility of real estate markets was done by PricewaterhouseCooper in 1999. One of the major points of the study is that the availability of data in real time will help the market stabilize somewhat. Many years ago it took quite a while to communicate that a certain area had experienced a downturn. Currently that information is almost simultanious with the cooling. This, in general, can be a very positive thing for homeowners. Yes, the information that the market isn't great gets out in real time, but so does the information about the turnaround. In areas of explosion this might explain the turnaround. Prices going up too fast can signal that a market turnaround is coming and perhaps because of the speed of the information turn it around before huge losses are experienced.

Good luck with your homebuying experience!

Real estate in general is a wise investment but you have to make a smart buy. Buying to flip at this moment is very difficult and i would not recommend it for short term. The market has large inventories so buyers have alot of choices. I would stick to long term purchases and hold on to these purchases between 3-5 years.

In the long run (5 years or more), real estate will likely keep appreciating, if only to keep up with inflation in general.

In the short run (e.g. if you want to flip a house), it's going down most places and correcting. A few markets are somewhat immune due to the New York/San Francisco effect (i.e. someone always wants to own a house in NYC or San Francisco, no matter what), but by and large the reports are glum.

Ditto to what these two ladies said: The market always has trended upward in the long run--very much like the stock market. Right now, investing in real estate is fine, as long as you accept a holding time of at least 5 years.
South Florida will always be a destination spot, and the market is going to come back rapidly after the tax resolution passes in January.

Real estate markets always seem to have cycles.. however in most areas the markets always rebound stronger then they were.. this seems to be very true for homes in areas.. like Miami that are near the water and with a mild climate.

The market will strengthen again--we have been going throug a period of correction for the craziness of the past few years with unbridled appreciation! The market HAD to correct. Some areas are near their bottom or at their bottom, and some still have to drop some more--depends on your locale.