A positive sign for South Florida

South Florida’s housing market varied from the national trends in July as the real estate market improved year-over year. The region’s international buyers have been helping to prop up the local housing markets. The statistics for pending home sales in the South Florida real estate market are encouraging. While they have dropped month-over-month, they are significantly higher than they were a year ago. About 60 percent of South Florida home sales have gone to foreign buyers, who are likely to pay with cash.