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...
Category : Economic Insights
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...
Miami-Dade’s Population Grows in 2022 As International Migration Rises Above 2019 Figure
By Gay Cororaton, MIAMI REALTORS® Chief Economist Miami-Dade County’s population increased year-over-year in 2022, according to new U.S. Census Bureau population estimates.[1] Miami-Dade is...
Mortgage Rates Likely to Hover at 6.5% to 7% Through End of 2023 Given Resilient Economy and Tight Labor Market
By Gay Cororaton, Chief Economist Mortgage rates are likely to bounce around the 6.5% to 7% range through the end of the year as financial...
South Florida Homes Sales Prices Rise to New Record Highs in June 2023
By Gay Cororaton, Chief Economist For the first time, the South Florida counties of Miami-Dade, Broward, and Palm Beach all hit new record highs...
South Florida Driver License Exchanges Rose 18% in 2023 Due to International Migration
By Gay Cororaton, MIAMI Chief Economist The number of out-of-state and foreigners who exchange their driver licenses for a Florida license is an indicator...
Stronger GDP Growth in 2023 Q1 Increases Likelihood Fed Will Resume Rate Hikes
By Gay Cororaton, Chief Economist GDP rose at a much higher annualized rate of 2% in 2023 Q1 based on the third, revised from...
South Florida Prices Outpace National Trends in May 2023 Bolstered by Tight Housing Supply and Strong Economy
By Gay Cororaton, Chief Economist Home prices in the South Florida counties of Miami-Dade, Broward, Palm Beach, and Martin continue to outpace the national trend...