MIAMI—The rising US dollar is making headlines around the world. There's no lack of speculation about how it's impacting everything from manufacturing to auto sales to commercial real estate.
Indeed, the Federal Reserve is even considering raising interest rates for the first time since 2006. A strong dollar is one likely reason for the notion.
We know that the Miami condo market is seeing a healthy correction thanks to, in part, a strengthening US dollar. Fewer investors from Latin America are snapping up condos these days due to exchange rates.
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