Inside South Florida


Real Estate Expert, Sal Buscemi, shares when real estate investors should make their move

Posted at 6:03 PM, Jun 15, 2022
and last updated 2022-06-16 11:01:17-04

South Florida’s real estate market is changing fast, and Real Estate Expert, Sal Buscemi, joined Inside South Florida to share his expertise on the current state of the market and tips for investors.

“There are two functions right now that are going against buyers. What's happening is higher interest rates are affecting people who are dependent upon loans to get mortgages to be able to afford homes, usually in lower barrier to entry neighborhoods,” says Buscemi. “You’ve also had a lot of cash buyers come in and disrupt the entire market, especially in areas in Southern Florida. It seems to be a full-on migration.”

Miami is a known vacation destination, but it has also become a permanent residence for those seeking relocation.

“I'm a native New Yorker myself, and there's really nothing much to move back to. Miami is really pushing itself to be the crypto capital or the crypto Wall Street,” says Buscemi. “You're starting to see Miami, especially Southern Florida, pay a tremendous amount of attention to attracting people as a permanent tax base.”

Choosing to invest your money should not be taken lightly. Buscemi provides the top virtue needed by investors in the current economy.

“If you're looking to get into something as an investment, I think the opportunities are going to come soon. You just have to be patient,” says Buscemi. “You also have to realize that you may need to consider a longer duration to realize good strong investment gains.”

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This Inside South Florida segment is paid for by VIP Media.

Inside South Florida

10:49 AM, Jul 26, 2019

Inside South Florida is an original, local lifestyle show focused on providing our audience with informative, useful and entertaining content. It features a variety of community organizations, businesses and happenings in South Florida. It is a marketing-friendly program dedicated to offering businesses the opportunity to showcase their company/products, reach potential customers and gain results.

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