Posted by Jonathan J. Miller -Friday, May 4, 2012, 8:16 AM
I wanted to illustrate how little of the Miami housing market today is financed with a mortgage. And despite that, sales activity is trending higher. Counter intuitive but a reflection of its two drivers of demand: investor at the lower end and cash buyers, often foreign, at the upper end.
Any thoughts on the FHA, Conventional financing cross over back in 2Q 2011?
I’m slowly starting to build our Miami chart archive.
- Miami 1-Family, Condo Financing Types [% Market Share] [Miller Samuel]
- Miami Housing Market Charts [Miller Samuel]