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MIAMI Association of Realtors Reports Single-Family Home Sales, Prices Surge in June, 60 Percent of Residential Sales All Cash

http://www.prweb.com/releases/2013/7/prweb10952509.htm…

MIAMI Association of Realtors Reports Single-Family Home Sales, Prices Surge in June, 60 Percent of Residential Sales All Cash
Increased demand for single-family homes in Miami-Dade County continued in June amid very tight supply that is fueling double-digit price appreciation, according to the 29,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system.

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Foreign Buyers Fuel Miami Market

http://www.nuwireinvestor.com/articles/foreign-buyers-fuel-m…
Foreign Buyers Fuel Miami Market
The Miami real estate market continues to make great strides in the U.S. housing market recovery, with much of activity focused in foreign purchases. The Miami Association of Realtors reports that the majority of these buyers hail from Brazil, while Canadians also dip into the market. The survey also shows that South Florida is favored among all other regions in the state and analysts say Brazilians favor this location among all other regions in the U.S., and not just in Florida. Other active foreign buyers are based in Venezuela, Colombia, Argentina and several locations in Europe. For more on this continue reading the following article from Property Wire.

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