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Wednesday, Aug. 7: South Florida real estate market articles

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

Miami is once again ranked No. 1 in the U.S. in annual home price growth, according to CoreLogic. Miami posted the highest gain at 10% year over year from June 2023 to June 2024

https://www.corelogic.com/intelligence/us-home-price-insights-august-2024/

 

 

By year-end, developers are expected to finish 23,863 units across South Florida, the highest number since 2002, according to Berkadia’s mid-year multifamily report. That’s a portion of the 34,934 units that are under construction.

Inside South Florida’s Multifamily Market (therealdeal.com)

 

Palm Beach County ranked No. 3 in the U.S. for sales of homes of $10 million or more in the first half of 2024. Miami-Dade ranked No. 4 in the U.S.

https://www.mansionglobal.com/articles/even-as-the-rest-of-the-market-frets-u-s-trophy-home-sales-are-booming-552099ad

 

Mortgage demand roars back to life as rates drop to lowest level in a year

https://www.foxbusiness.com/economy/mortgage-demand-roars-back-life-rates-drop-lowest-level-year

 

Here’s why luxury sales are booming in Boca Raton’s most expensive neighborhood via @trdmiami

Inside Boca Raton’s Most Expensive Residential Neighborhood (therealdeal.com)

Related posts

Downtown Miami is not experiencing office space reduction but growth, as a variety of buyers and renters are coming to the area from all parts of the globe, despite some negative net absorption in the market at the end of 2021 via @miamitodaynews

Daniel Zapata

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

Homeowners in the City of Miami See Highest Increase in Home Values Among 20 Major Cities in January 2023

Chris Umpierre

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