ISSUES: Real Estate Struggle

One aspect of the ‘American Dream’ remains – and that’s the dream to own a home. But, in areas throughout much of Miami-Dade and Broward counties, this dream does not seem attainable for middle class home-buyers, even with good credit and financing. In the past three years alone, home prices in the region are up almost 45%, but wages have stayed the same. Adding to this disparity are the cash investors and foreign buyers who have created tremendous competition in the market. Will we see a weakening of this trend?

Alex D. Zylberglait, Marcus & Millichap