"The only thing that is constant in this world is Change." The saying maybe simple but it is a dead sure correct. It is a testimonial on how inconsistent the world is. When it comes to business the same thing applies, changes is constant and everything is moving shifting and exchanging places, sometimes you're on top sometimes you're on the bottom but most of the time you are in the middle hoping to squeeze in soon to make that quantum leap to reality. In Miami homes and real state change is what experts call a cycle. A vicious cycle I might add and a very inconsistent one.

Last year we've witness the changes the ups and downs of the market itself, this year the predictions are set in and experts have spoken, overall Miami ranks #1 as the nation's most stormy forecast on its real estate, and who is taking the hit? Well surprise, surprise it is the home business. With the obvious residential bust on the city, investors are shying away on putting their money on the table, why? Because they have been reading the papers and the forecast says it'll be a gloomy season for home builders because the overbuilding of condos in their area. It is rather strange that something like this happens, because first and foremost there aren't many people who are willing to spend thousands of dollars for a condo unit, and practicality wise residential homes should be the first choice of buyers, but still the so called "experts" advices the investors to build high-riser till Miami can be seen throughout.

As the demand for building condos are in the all-time high, concerns circulating whether these newly built and almost built condos are practical, because there are still 20,000 + units sitting pretty in listings and sources told me there are another 20,000 + that are on progress which makes us wishing that there will be at least 40,000 + buyers that will storm the Miami-Dade County and purchase condos, and unless the Miami Heat and the Miami Dolphins both win championships in their respective sports there will still be not enough buyers to occupy those units. The truth is Miami homes are struggling, foreclosures are getting higher by the hour, mortgage credits are hanging by a thread and investors are trying to follow the trend, therefore there will be more and more "For Sale" signs will be welcome on home owner's lawn. The lacks of jobs are also affecting the market and the killer economy which is going nowhere but downward is also a major concern.

The aftermath of this overbuilding of condos can go either way, success or failure it is not a sure thing but it will go in any of those directions and right now failure is holding a commanding lead unless success gets a historic comeback the background music of LL Cool J's "Momma said Knock You Out" will still be heard with the lines, "Don't call this a comeback, I've been here before..." So let us be wise and just observe the jury has spoken and the ballots are in, it'll just takes time till Miami home real estate will scream a battlecry, until then we'll just have to be ready.

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