Bill Hionas' Blackjack Properties Suggests Definite Signs of Recovery in Miami Real Estate Market

    MIAMI BEACH, FL, April 23, 2011 /24-7PressRelease/ -- At last, there are positive signs of recovery in the South Florida real estate market. According to reports from the U.S. Department of Commerce, housing starts in the first quarter of 2011 were up 15% on the final quarter of 2010, far outstripping the national average of 7.2%, with Miami - Dade showing the strongest improvement. A healthier job market is leading to increased confidence in the purchase of real estate as people who may have been reluctant to buy are now feeling more secure about future income prospects.

According to Toluse Olorunnipa of the Miami Herald, the largest growth area at the present time is in the building of affordable housing. Demand in this market is outpacing supply, say analysts. Traditionally, in South Florida, the percentage of a person's income that is needed to pay for housing is the highest in the country, making affordable housing a priority in the area.
Nevertheless, signs of growth can only be encouraging for the housing market as a whole, following such a severe recession. Bill Hionas, of Blackjack Properties states that "...now is the time for buyers in South Florida to get back into the real estate market; Dade and Broward counties are leading the way to what looks to be a solid recovery." This is excellent news for South Florida residents who have arguably been among the worst-hit by the recent recession. Blackjack Properties has elite property listings in South Beach, traditionally a high-demand area. With prices still relatively low, now is an excellent time to snap up a new home at a bargain price.

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