Miami’s Condo Market May Be Cooling Off

MiamiA new study confirms the latest chatter from real-estate watchers: Miami’s sizzling downtown condo market is cooling down.

Skyrocketing construction costs, overheated land prices and falling foreign currencies have finally caught up with a housing market that boomed after the lean years of the recession.

But unlike the last go-around, when highly leveraged projects brought the house of cards tumbling down, few observers expect a crash. One sign of the current cool-down: the growth in resale prices for downtown condos is slowing.

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Authored By Nicholas Nehamas – See the Full Story at the Miami Herald

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