Miami's real estate market has seen significant growth, attracting local and foreign investors due to its appealing climate and lifestyle. Property prices are rising, particularly in neighborhoods like Miami Beach and Brickell, despite high mortgage rates impacting market activity. The upcoming presidential elections create uncertainty, leading some buyers to delay decisions. Investors are closely watching candidates' economic policies, as these could influence market dynamics. While challenges exist, opportunities may arise for those willing to negotiate amidst the electoral climate.
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