Sales of family homes in Miami, one of the most popular US markets with overseas and domestic buyers, set an all-time annual record in 2015.
And sales for all existing properties posted the third most transactions in history, according to the latest data from the Miami Association of Realtors.
‘Miami’s strong local jobs market, population increase, historically low mortgage interest rates and South Florida’s continued growth as a world class global region all played key roles in the strong sales. We see many of these factors carrying over to 2016,’ said Mark Sadek, the association’s board chairman.
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