Miami home loans in August continue to improve, while pricing remained stable. The market for rentals in increasing, so, if you are looking to buy a rental unit, this is a good time. The Miami home loan rates are still very competitive, so take a look at investment property.
16 of 20 Cities Have Annual Improvement in August
The Case-Shiller 20-city index rose .2% in August marking the 5th consecutive month of gains. This map displays the city-by-city changes from the July levels. Though only 10 of the cities posted positive changes in August from July, 16 of the 20 cities saw their annual rates improve during the month. These improved annual rates show potential optimism in the still struggling housing market. Los Angeles and Miami had no annual change in August, while Atlanta and Las Vegas saw annual rates fall. The index is down 3.8% year-over-year from August 2010.
Rentals are up over last year according to local real estate agents, so, now is a good time to look for a home loan to add some rental property to your portfolio.
Click below to see the chart!