2024-2025 Southeast Florida Housing Outlook: Modest Price Appreciation Amid Elevated Mortgage Rates
By Gay Cororaton, MIAMI REALTORS Chief Economist Mortgage rates are likely to remain elevated at 6.8% in 2025 as the Fed adopts a cautious...
Category : Economic Insights
Southeast Florida’s Record Home-Price Appreciation Yields Significant Wealth Gains for Homeowners
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida’s strong home price appreciation since the Great Recession has resulted in significant wealth gains for...
Million-Dollar Homes Accounted for 30% of Home Sales in the Jupiter-Tequesta-Hobe Sound Area in 2024 Q1-Q3
By Gay Cororaton, MIAMI REALTORS Chief Economist With mortgage rates remaining elevated and with home prices continuing to appreciate, million-dollar home sales accounted for a...
Miami-Dade Again Leads the Nation in Multifamily Units Under Construction
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County continues to rank No. 1 in the U.S. in multifamily units under construction with developers...
Southeast Florida’s Multifamily Outlook is Strong Despite Rent Decline in October 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Asking rents on 2-bedroom multifamily units in Miami-Dade County decreased in October 2024, but the multifamily market outlook...
$4.8 Billion in Miami-Dade Commercial Sales Through 2024 Q3
By Gay Cororaton, MIAMI REALTORS Chief Economist Commercial real estate investors closed $4.8 billion in commercial real estate sales deals in Miami-Dade County in...
Miami-Dade County’s Out-of-State Driver License Exchanges in 2024 Q1-Q3 are Up 20% from Pre-Pandemic Level
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County is continuing to experience sustained migration in the first three quarters of 2024 using driver...
Florida is Top Destination of Out-of-State Movers in 2023
By Gay Cororaton, MIAMI REALTORS Chief Economist Florida topped all states with the most out-of-state movers in 2023, according to MIAMI’s analysis of the...
Southeast Florida’s Single-Family Market Poised to Grow 10% in 2025 as Mortgage Rates Decline to 5% by End of 2025
By Gay Cororaton, MIAMI REALTORS® Chief Economist MIAMI REALTORS® expects Southeast Florida’s single-family home sales to continue to perform strong in 2025, prices to...
Southeast Florida’s Multifamily Rent Growth Outpaces the Nation Due to Lower Vacancy Rates
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida’s vacancy rates on buildings with 10 units or more continue to trend below the national rate....