Saturday, October 8, 2011

Foreign Buyers Boost Miami Housing Market



VOAVideo: Foreign Buyers Boost Miami Housing Market

Miami's rapid growth at one time earned it the nickname the "magic city." Now, after a tough few years due to the financial crisis, that magic is hitting the housing market. Miami home sales are up 50 per cent this year, while overall US sales remain stagnant. Driving the turnaround are international buyers, who like the deals and the geographic location.

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