Miami-Dade County has 64.4% equity-rich homes, ranked No. 1 in the U.S. via new ATTOM report. Why distressed sales are so low in our market and another reason why the market is healthy
https://www.attomdata.com/news/most-recent/2024-year-end-home-equity-and-underwater-report/
Inventory for Miami-Dade County $500,000 and below is down 80% vs. pre-pandemic 2019, putting upward pressure on prices via MIAMI leader Ana Bozovic. The bottom line, according to Bozovic, is that the South Florida housing market is in the midst of a long-term upswing in price and demand.
“Miami real-estate agents said buyers continue to pay a premium for a simple reason: There is not enough inventory to meet demand. No longer driven by Covid, the influx of wealth is still happening as people move to Florida from high-tax states for jobs, weather and lifestyle.” Via The Wall Street Journal
https://archive.ph/vFpNZ#selection-2793.0-2793.410
South Florida commercial real estate sales rebound in 2024 via South Florida Business Journal. Multifamily was the second-biggest category for local commercial real estate sales in South Florida in 2024 at $3.52 billion, according to Vizzda. That’s up 7% from $3.3 billion in 2024. “We are in one of two or three special places in the US with growth occurring,” Given said. “In most of the country they are 24 months away from that.”
Miami ranked No. 3 Most Trending Travel Destination in the World for 2024, according to Google’s annual Year in Search report
https://theunn.com/google-reveals-top-trending-travel-destinations-of-2024/
