MiamiCondoforumDotCom

Economic Report Summary: Housing Market Getting Worse, Not Better

I detail the Miami crash on my blog, www.miamicondoforum.co... . Read some of my posts and tell me if you think we're out of the woods. I think the fun is just beginning. Foreclosures are being sold (below market) however they are still overpriced. These recent buyers will walk away from these purchases once they realize that they are not a vulture, but just another carcass. This process takes years and years. Housing crashes are never V-shaped. What makes you think the worst housing crash in history will just rebound? If you like doom and gloom, we've got plenty to spare here in South Florida.