The Miami real estate market has been facing some challenges due to the slow economy. Population growth is also slow and the retiree market is also difficult to predict. There has been an increase in sales activity and the prices have stabilized in a majority of markets therefore things are looking brighter for this real estate market. The federal government has also provided federal tax credit extensions for buyers and this will definitely improve things.

Miami is still one of the best destinations in the world therefore it will have an easier time pulling through the economic slowdown. There was a decrease in new homes but this will change this year because the prices of land have decreased and builders are willing to offer new products for less. The main worry for those who are involved in the Miami real estate market is the slowdown that the construction sector is going through and the foreclosures.