South Florida Homes Continue to Sell Faster than Pre-Pandemic Era
By Gay Cororaton, MIAMI REALTORS Chief Economist While homes are staying on the market longer compared to one year ago, properties are still selling faster...
Category : Economic Insights
South Florida Single-Family Homeowners Boast $500,000+ in Home Equity, Condo Owners $200,000+ Since 2009
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida’s robust housing market has created wealth for homeowners in all municipalities and in unincorporated areas...
Miami-Dade Renters Could See More Leasing Incentives as Supply of Rentals Outpace Demand over the Next Five Years
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County is undergoing intense construction activity of apartment rentals at a level that is poised to outpace...
Pet-Friendly Multifamily Rentals Typically Rent Out for More and in Faster Time
By Gay Cororaton, MIAMI REALTORS Chief Economist During the pandemic, about one in five households or an estimated 23 million households adopted pets. However, pet...
Cash Buyers Prop Up Sales in the Jupiter-Tequesta-Hobe Sound Market Area in the First Half of 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist During 2024 Q2,the dollar volume of homes sales in the JTHS Market area totaled $1.66 billion, down 9%...
Condo Median Prices are Up in Over 80% of Miami-Dade and Broward County Submarkets in the First Half of 2024
By Gay Cororaton, MIAMI REALTORS® Chief Economist Condo price appreciation remains high in Southeast Florida, based on Miami Association of Realtors® (MIAMI) analysis of home...
Miami-Dade Office and Retail Properties are Top Asset Classes for Investors in the First Half of 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist In the first half of 2024, office and retail assets emerged as the investors’ favorites, while multifamily and...
Single-family Homes for Rent are in High Demand in Southeast Florida
By Gay Cororaton, MIAMI REALTORS Chief Economist Asking rents for single-family homes have held up more firmly than multifamily asking rents and single-family listings now...
Out-of-State Driver License Exchanges Remain Above Pre-Pandemic Levels in Miami-Dade County in the First Half of 2024
Gay Cororaton, Chief Economist, MIAMI REALTORS® Driver license exchanges in the first half of 2024 are now at par with pre-pandemic levels in most Southeast...
Migration Bolstered Southeast Florida’s Aggregate Household Income by $10 Billion in 2022
By Gay Cororaton, Chief Economist, MIAMI REALTORS® Migration bolstered Southeast Florida’s aggregate household income by at least $10 billion in 2022, according to Miami Association...