Ownership In Miami

Nationally the homeownership rate rose steadily from 1940 through 2000. However, in the subsequent decade, homeownership tumbled following the housing market decline in 2006, falling from a peak of 68.9% in 2005 to 66.1% in 2011. The sharp decline was driven by nearly 4 million foreclosures since 2008 and the transformation of many homeowners into renters. Tight lending standards and a weak economy have hampered the ability of many would-be homeowners to make a purchase. Locally, the homeownership rate in Florida peaked at 72.4% in 2005 before declining to 69% in 2011.  *Source: NAR 

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com