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Know where to buy and where to rent in the U.S

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By : Anny Christian    99 or more times read
The Miami Real Estate business is gong through a boom period and not just the domestic buyers, but also the foreign buyers are getting attracted to the well built homes in Miami and 11 other cities in the United States of America. The high foreclosure rate and rising unemployment makes Miami the best place to bargain. Under the Miami Real estate, the price to rent ratio is 8.83 and the average monthly rent is around $2,165. Talking about the relevance of the place with regards to real estate, Christian Tupper of Related Cervera Realty Services said, “Miami is an area where at the peak of the market, people were flying in from all over the world and spending lots of money buying and developing homes, and they delivered beautiful buildings.”

According to him for those who are eyeing on investing in Miami real estate have access to all the amazing properties which were earlier available at higher rates. He further said that 2-bedroom condo in a high-end building is now listed at $350,000, however earlier its price was $500,000. This Miami real estate trend will attract many investors to come and put their money in homes and property in Miami. So, it is important for you to study the trend before making a purchase decision because insufficient knowledge can spoil the game. This trend in Miami clearly indicates that one should buy a house here.

Apart from Miami, some other places which are among the top city preferences for buying or renting a house include Manhattan which is ideal for the renting option as its price to rent ratio is 35.18. Detroit with price to rent ratio of 11.22 is an ideal place to invest your money in buying the house. The Miami real estate market is the top choice for many who want to have their homes in the United States of America.

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