Miami real estate market has cooled off significantly over the last year. But it’s not crashing and that’s a sign of stability, according to a quarterly report from brokerage Douglas Elliman and New York-based Miller Samuel Real Estate Appraisers & Consultants, by Miami Herald.
Your mental images upon hearing “Miami” and “New York City” are probably very different. Miami design: tan, healthy-looking people in white swimsuits lying on a beach with an expensive car behind them. New York: jittery, pale people in black clothing, sitting on a subway bench, thinking about what they’re going to order on Seamless (full disclosure: this was the author about an hour before she started writing this article).