MIAMI International Congress
Lawrence Yun, Chief Economist for National Association of REALTORS and Moe Veissi, 2011 NAR President Elect kick off the 2010 Congress. Lawrence discussed shadow inventory and effects of inflation, wekening of the US Dollar and International purchaser characteristics. (Follow on Twitter.com/MIAMIcongress #2010Congress).
Moe Veissi: Miami is a verticle community and the industrial market has remained relatively strong through Miami's housing crisis. There is a great deal of oppportunity today in Miami: 1 bedroom condos one block from the water...$45 - $50K. Anything on the beach, on the water...little land left to build...high demand. Now discussing investment flowing from the U.S. to makets outside of U.S.
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