The Real Estate industry is an ever-evolving entity in our time. Keeping up with it's fluctuations can be intimidating. Let's keep ourselves informed!

Saturday, August 12, 2006

Miami lags in consumer confidence

''Miami is poised to take it on the chin from the real estate market,'' said McCarty, who notes that for many consumers, especially in South Florida, real estate had been a big source of wealth. That's more difficult now with lenders tighter refinancing requirements. Others with adjustable rate mortgages are feeling the rise in interest rates.