Sales of Town Homes in North Miami, Fl have picked up over the past 2 months. With the battle raging between straight owner sales vs the Shadow Inventory from banks this is a positive news. While most Real Estate experts believe that the current crisis in housing will last for another 3-5 years it is good to highlight good news when there is some available. In North Miami there have been 14 sales over the past 2 months. The median sales price for a town home was $149,750. None of the 14 sales that occurred in the past 2 months are Foreclosed properties. These were all traditional sales. What is interesting about this figure is that it is win in the battle against the shadow inventory. Kevin Brungardt, who formerly held positions at Citigroup's Citi Mortgage and Fannie Mae and is cur...
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