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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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‘Watershed moment.’ Miami welcomes end of COVID travel restrictions on 33 countries

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Downtown Fort Lauderdale average household income is $121,764, 12% increase year over year, via Fort Lauderdale Downtown Development Authority. Top out of state migration to Miami-Fort Lauderdale in 2021: 1. New York City; 2. Boston, 3. Washington. Access more Fort Lauderdale stats:

Daniel Zapata

Inflation Accelerates in January, Two More Rate Hikes Now Likely

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