While there are concerns about a downturn in the economy amid interest rate hikes and a slowdown in sales of existing condos in South Florida, strong demand remains for new luxury condos as wealthy people continue moving to Miami.
According to a recent State Migration Study by Lending Tree, Florida has evolved not only into the overwhelming choice for relocation among the nation’s domestic migrants but for relocated wealth as well. CLICK ON THE HEADLINE FOR MORE
At a time when affordability has become a major problem for South Florida residents, New York City hedge-fund managers and Silicon Valley CEOs are the new “foreign buyers” driving prices and property values further away from the average salary. CLICK ON THE HEADLINE FOR MORE