Miami-Dade County Undersupplied in Many Municipalities
By Gay Cororaton, MIAMI REALTORS® Chief Economist Even as more homes are on the market, Miami Dade County’s housing market remains undersupplied in many...
Category : Economic Insights
South Florida’s Cash Buyers Cushion Effect of Higher Mortgage Rates
By Gay Cororaton, MIAMI REALTORS® Chief Economist Mortgage rates have nearly doubled over the past year to 6.5% as of the week of February...
Inflation Accelerates in January, Two More Rate Hikes Now Likely
By Gay Cororaton, MIAMI REALTORS® Chief Economist Inflation picked up in January 2023 across a broad array of items, with the overall price of...
Miami-Dade Posts Largest Increase in Tech Jobs, Wages Among Top U.S. Counties
By Gay Cororaton, MIAMI REALTORS® Chief Economist Miami-Dade County had the largest year-over-year increase in tech jobs and wages among the top-10 largest U.S. counties,...
Preliminary Data Shows South Florida Housing Market Strengthening in January 2023
By Gay Cororaton, MIAMI REALTORS® Chief Economist Preliminary data on the South Florida housing market shows more new listings of single-family homes and a...
South Florida Homebuyers Save About $500 Per Month with Decreasing Mortgage Rates
By Gay Cororaton, MIAMI REALTORS® Chief Economist The average 30-year fixed rate fell to 6.09% in the week of February 2, the fourth consecutive...
South Florida Homebuyers Have More Negotiating Power in 2023
By Gay Cororaton, MIAMI REALTORS® Chief Economist South Florida homebuyers are starting to regain their negotiating power with more listings on the market compared...
Mortgage rates could hit 5.5% at year-end and average 6% which is affordable for homebuyers
By Gay Cororaton, MIAMI REALTORS® Chief Economist With inflation on the wane per the latest CPI report, I expect the 30-year fixed mortgage rates to...
Miami Metro Area’s Job Growth Continues Outpacing National Trend
By Gay Cororaton, MIAMI REALTORS® Chief Economist The Miami metro area continues to post stronger job growth than the nation, according to Bureau of...
30-Year Mortgage Rate Drops for Fifth Consecutive Week to 6.31% Resulting in More Mortgage Applications
By MIAMI Realtors® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the fifth consecutive week during the week of December 15, 2022 to...