Alot of people are cashing in on the equity in their houses by selling them. Just dont do it without a plan. I saw a news story about people selling and then not having a comparible house to buy/move into. So they were forced to rent while the single family home prices continue to rise.
I saw some of the houses in Morningside listed for sale. Those prices are crazy. Just like that loft building on 81st & Biscayne called The Bank. I cant believe they are getting that kind of money for that area. Wynnwood, Overtown, Art District... Speculators have made Miami's real estate market explode!