Inflation Slows to 7.1% in November 2022, With Shelter as Main Inflation Driver
Inflation has increased faster in Miami than nationally due to strong employment and migration into the area....
Category : Economic Insights
30-Year Mortgage Rate Falls for Fourth Consecutive Week to 6.33%, Saving Potential Buyers Nearly $200/Month
By MIAMI REALTORS® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the fourth consecutive week during the week of December 8, 2022 to...
30-Year Mortgage Rate Falls for Third Consecutive Week; Could Decline to 6% by Year-end as Economic Risks Now Outweigh Inflation Risks
By MIAMI Realtors® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the third consecutive week during the week of December 1 to...
Inflation decelerates to 7.7% in October boosting likelihood Fed will slow down on interest rate increases
By MIAMI REALTORS® Chief Economist Gay Cororaton It’s good news on the inflation front in October 2022. Headline annual inflation slowed to 7.7% while core...
30-Year Fixed Rate Falls to 6.61% in Week of November 17
By MIAMI Realtors® Chief Economist Gay Cororaton The average 30-year fixed rate mortgage rate fell sharply to 6.61% for the week of November 17, the...
Miami Metro Area Home Price Appreciation Outpaces Major Markets in September 2022, According to S&P CoreLogic Case Shiller Index
By MIAMI REALTORS® Chief Economist Gay Cororaton Miami Metro Area single-family home prices rose at the fastest pace in the U.S. in September 2022,...