As we enter into 2020, Miami remains a buyers’ market and investors need to capitalize on this advantage while it is still there. If you are looking at investing in the Miami real estate market in 2020, you must read till the end. Miami hits most people’s radar as a tourist destination, though it periodically hits the news when it looks like it may be hit by a hurricane. However, Miami is a large, thriving city with a strong housing market.
Miami is home to just under half a million people. However, the Miami housing market is far larger than that – it includes much of southeast Florida and more than five million people. That makes the Miami real estate market the seventh largest in the U.S., and it is the second largest housing market in the southeastern U.S.