Miami, Florida - Real Estate
Located on the southeastern coast of Florida, Miami is the core of one of the largest metropolitan areas in the United States. The city itself has only 362,470 residents, according to a 2005 estimate, but its greater metropolitan area has a population of over 5,000,000.
Real estate prices in Miami have been in a steep incline for the past several years. The median cost of a home in the area increased by 23.9% in 2005 alone, to finish the year at $391,200.
This newly boosted price makes the Miami market very difficult to buy into for the majority of homeowners. Most established buyers, however, still have a good shot at grabbing a piece of this amazing city, by viewing local foreclosures and discount property listings.
To find foreclosures and rock-bottom real estate bargains in Miami, Florida and other cities across America, please click here.