Miami Is Not Among The Top Ten List Of Home-Buying Markets Nationwide – Las Vegas Takes #1 Spot
Las Vegas has now taken the lead over Miami as the best places to buy home properties as opposed to renting after having a great start this year. After ranking first in the first quarter, Miami is now currently on the 20th mark, according to Trulia.
But that does not mean that Miami is losing its flame because it landed on the 20th spot, but rather it is still best to buy a property in Miami than renting, even if some places offer better home property values.
Thanks to the recent mini boom, which was successful due to countless foreign investors, and the recent foreclosure freezes, the Miami real estate market has a 112 percent boost in price-to-rent ratio this January, 2011.