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She doesnt expect things to drastically change anytime soon.
And I dont think they ever will, although right now they are faltering.
Current interest rates have forced many buyers to decrease their budget, she said.
A $400k house today is not a $400K house in 2019.
If youre thinking about buying a house in Florida,you may want to steer clear of these cities.
She said finding a habitable $400,000 house in Miami has become nearly impossible.
The citys popularity as a destination for families and retirees adds to the competitive market.
These problems are definitely something to consider before moving to the area.
The citys waterfront properties are especially in high demand, further driving up costs.
The luxury real estate market here is particularly hot, making it less affordable for average buyers.
Avila said many Miami residents have moved to Fort Lauderdale.
Single family homes in this price range are a dying breed.
just note average home values were sourced fromZillowas of June 30, 2024.
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