Southeast Florida’s Asking Rents Poised to Continue Rising in 2025
By Gay Cororaton, MIAMI REALTORS Chief Economist Here are our key takeaways in our January 2025 Southeast Florida Rental Market Report that you can...
Category : Economic Insights
South Florida Commercial Real Estate Sales Volume Rose 36% to $12.5 Billion in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist In 2024, total commercial sales volume rose 36% to $12.5 billion on a combined basis in the...
Southeast Florida’s Hot Housing Markets in December 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Hot housing markets have rising sales, rising prices, tight inventory levels (6 months’ supply or less), and...
Miami Single-Family Home Luxury Price Threshold Rises to $3.3M and Ultra-Luxury to $10M
By Gay Cororaton, MIAMI REALTORS Chief Economist Million-dollar homes continued to gain ground in 2024 in Southeast Florida with demand driven by wealthy buyers coming...
Southeast Florida’s Rental Market Ends Strong in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist As high mortgage rates continued to put many potential homebuyers on the sidelines, Southeast Florida’s residential rental...
Southeast Florida’s Hot Housing Markets in November 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Elevated mortgage rates have continued to be a drag on the housing market, but there are areas of...
New York, California and Texas: Top States Moving to Miami in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist New York, California, and Texas were the top origins of people who moved to Miami-Dade County in 2024,...
South Florida Million-Dollar Home Sales Continue Gaining Larger Market Share
By Gay Cororaton, MIAMI REALTORS Chief Economist Sales of million-dollar homes purchased by cash buyers continued to gain market share in 2024. Million-dollar sales accounted...
Southeast Florida’s Economic Growth Outpaces the Nation
By Gay Cororaton, MIAMI REALTORS® Chief Economist The latest available data on county-level gross domestic product (GDP[1] shows the robustness of Southeast Florida’s economy,...
Southeast Florida’s Rental Demand is Poised to Strengthen in 2025
By Gay Cororaton, MIAMI REALTORS® Chief Economist Southeast Florida’s rental demand is likely to strengthen in 2025 as mortgage rates remain elevated and with...