Most of the time, the prospective buyers are in a fix whether to buy a house or to have Miami rental property.
So to avoid this dilemma, one must study the housing trends in the market.
There are many factors which are responsible for this kind of fix among the prospective buyers including marked down home prices, stalled economy, high level of unemployment, double-dip recession and expiration of tax credits for the home buyers.
Most of the home buyers eye the Miami real estate market as buying a house here is more like an investment.
The buyers are still confused, whether they should convert into renters or own their house at cheap prices or they should further wait for the Miami real estate prices to slash further.
The market is witnessing a number of foreclosure including the Miami foreclosure and this has further pressured the prices, hence the decision of the people.
So, if someone wants to do away with this dilemma, then consult the latest Trulia rent vs.
buy index which will provide the latest information on Miami real estate and the best deals to be grabbed.
According to this index, the buyers who are eying townships or condos must consider places like Calif, Fresno, Texas and Miami.
So before heading on to buy a property, get to know the real value of the condos or a town home which can be know through the price-to-rent ratio.
If the prospective customer is interested in renting a house, then New York is an ideal market as there it is cheaper to rent than to own a house.
Apart from this some other top renters' markets include San Francisco, San Diego, Omaha, Sacramento, Portland, Boston and Kansas City.
For those who are interested in buying houses, Miami real estate is the best place as the prices here have plummeted by big numbers.
Know about the housing market before deciding whether to rent or buy.