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Monday, March 18, 2024: South Florida real estate market articles

Today's South Florida real estate market articles
South Florida real estate market articles

Miami ranks No. 1 in the U.S. in international migration via new Census numbers. In Miami-Dade County, there were almost 54,500 new residents from outside the U.S., the highest in the nation last year and an almost 40% increase over the previous year.

https://apnews.com/article/florida-population-growth-census-immigration-22a1d46ad275f27b4cbf45611aea2760

 

NAR announces proposed settlement in Sitzer/Burnett and Moehrl antitrust cases

https://www.miamirealtors.com/2024/03/15/nar-announces-proposed-settlement-in-sitzer-burnett-and-moehrl-antitrust-cases/

 

Multifamily Asking Rents in Southeast Florida Inched Up in February 2024 After Months of Decline via MIAMI REALTORS® Chief Economist Gay Cororaton

https://www.miamirealtors.com/2024/03/13/multifamily-asking-rents-in-southeast-florida-inched-up-in-february-2024-after-months-of-decline/

 

Two longtime South Florida political leaders are pushing a congressional bill they say would immediately lower the cost of homeowner property insurance by about 25% in Florida and across the nation via @sunsentinel

Proposal would slash insurance rates by 25%, backers say (sun-sentinel.com)

 

Buyers Among Those Anxiously Awaiting Rate Cuts

https://www.floridarealtors.org/news-media/news-articles/2024/03/buyers-among-those-anxiously-awaiting-rate-cuts

 

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Mortgage rates could hit 5.5% at year-end and average 6% which is affordable for homebuyers

Chris Umpierre

MIAMI Chairman of the Board Jennifer Wollmann Named Among HousingWire’s 2021 Women of Influence

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CI Financial, which is Canada’s largest wealth firm, is opening an office in Brickell. CI Financial becomes the largest financial institution to ever place an HQ in South Florida bringing thousands of new jobs to Miami with an economic impact of $1B+ in the next decade.

Daniel Zapata

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