Rising Miami Home Prices Help Millions

MIAMI - Aug. 25, 2014 - PRLog -- March 2014 marked the 25^th consecutive month of year-over-year increases in home prices, according to the CoreLogic Home Price Index Report. For millions of homeowners nationwide, the increased home prices mark an end to struggles that began with the housing crisis.

During the housing crisis, home prices dropped precipitously. The drop in prices left millions underwater on their mortgages, owing more on their home than the property was worth. However, the recent increase in home prices in Miami, Florida is ending mortgage struggles for many.

“Home prices have increased dramatically,” says Ellen Mitchel, CDPE, RE/MAX Executive Realty. “Many homeowners have finally regained equity in their homes.”

Several market conditions combined to drive the recent price increases, such as limited inventory, more people looking to buy a home, and fewer distressed properties.

“Many people don’t realize just how much things have improved,” Mitchel said. “The same factors driving prices have also made today’s market a seller’s market. Today, homeowners who have been struggling in recent years have more options than at any time in the last five or six years.”

As a Certified Distressed Property Expert® (CDPE), Ellen Mitchel is specially trained to help distressed homeowners understand their options. “For those who struggled during the housing crisis, it’s important to know that their situation may have changed,” Mitchel said.

Ellen has provided a free report entitled “Need a Second Chance?” (http://www.EllenHelpsHomeowners.com) which is accessible from her website, EllenHelpsHomeowners.com (http://www.EllenHelpsHomeowners.com).

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RE/MAX Executive Realty
1939 Hollywood Blvd
Hollywood FL 33020

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