Employment Hiring Slows, Fed Likely to Hold Off Rate Increase in December
By Gay Cororaton, MIAMI REALTORS Chief Economist October’s employment data shows that job creation is slowing although businesses are not massively laying off workers....
Category : Economic Insights
More Out-of-State Driver Licenses Exchanges in Southeast Florida During 2023 Q1-Q3 vs. Pre-Pandemic Level
By Gay Cororaton, MIAMI REALTORS Chief Economist There were more out-of-state driver license exchanges in the Southeast Florida counties of Miami-Dade, Broward, Palm Beach, and...
Shelter Costs Accounted for Nearly 90% of Rise in Core Inflation in September
By Gay Cororaton, MIAMI REALTORS Chief Economist The cost of housing has taken center stage in the battle to bring back inflation to 2%....
Florida Homeowners Typically Spent Less on Housing Expenses than Nationally in 2022
By Gay Cororaton, MIAMI REALTORS Chief Economist Despite significant price gains in Florida since 2019[1], owning and maintaining a home in Florida was still less...
Rising Share of Cash Sales and $1M+ Homes in South Florida Amid Sustained Migration of High-Income Buyers
By Gay Cororaton, MIAMI REALTORS Chief Economist Amid rising mortgage rates and sustained migration from asset and income-rich out-of-state buyers, Southeast Florida has seen a...
Where are Builders Planning to Build in South Florida?
Gay Cororaton, Chief Economist Amid sustained domestic and international migration, strong job growth, and the net wealth transfer into South Florida, homebuilders remain bullish about...
Pent-Up Demand for Homeownership Bolsters Single-family Rentals
By Gay Cororaton, Chief Economist As South Florida continues to experience strong job growth and an increase in population bolstered by the recovery of international...
South Florida’s Job and Wage Gains are Outpacing the National Trend as of 2023 Q1
By Gay Cororaton, MIAMI Chief Economist Happy Labor Day! In celebration of Labor Day, this piece looks at South Florida’s employment trends. The data...
South Florida Price Discounts are Shrinking as Buyers Compete for Dwindling Inventory
By Gay Cororaton, MIAMI REALTORS Chief Economist With South Florida inventory dwindling and buyer competition intensifying, buyers saw smaller price discounts compared to the...
Inflation Slows Down in July, Fed More Likely to Hold Off Rate Increase in September But Is Not Done Raising Rates
Inflation Slows Down in July, Fed More Likely to Hold Off Rate Increase in September But Is Not Done Raising Rates By Gay Cororaton, MIAMI...