“We are losing our houses”

Despite of the fact that the number of foreclosures in the country has gone down, the level of houses for sale in North Miami Beach is still rather high. There are no signs of recovery at all, according to some experts. The number of foreclosure remained the same as the previous years and it’s likely not to change at all. In general, the economic situation is in depression because many people owe more on their loans than the property worth and besides the unemployment rate is very high. But at the same time some people who are wealthy enough and who have luxurious houses they also suffer from difficulties to pay off.

Many of the houses are put on auction to get some cash from them. In spite of the pessimist story some claim that there are some signs of stabilization in North Miami Beach. Many sellers are very firm about the price and even some wars break out between the sellers and the buyers about the prices, which shows that people still hope to buy the desired real estate property.