Housing Financing Inching Back
Written by Laura Stace on February 21, 2013
By Laura Stace
All-cash deals have dominated Miami’s residential real estate market since the economic downturn, and while industry experts say this is a continuing trend, they also anticipate more buyers requiring financing entering the market and being able to secure a loan.
There are still many cash buyers in this market, driven by opportunity and timing, said Edgardo Defortuna, CEO of Fortune International Realty.
"The ones with the cash can take advantage of pricing opportunities at much greater velocity than those who see leverage as time-consuming and tedious," he said.To read the full article and the rest of the Miami Today issue, GO TO e-MIAMI TODAY, an exact replica of the printed edition.