patrick.net

I hope there's no professional jealousy here but Mark Hanson has an interesting post about apparent Miami RE pop, prices and volumes way down and inventory way up, the usual suspects again. Possibly ignited by Canadians cashing out for many good reasons, including 70 cent canadian dollar and cheap oil. An imminent US recession isn't good news for second and third homes either.

http://mhanson.com/2-1-16-hanson-miami-canary-in-a-coal-mine-all-out-implosion-2006-redux-headfake-demand-prices-collapse/comment-page-1/#comment-26217