Miami-Dade County’s Commercial Real Estate Market Rebounds in Q1 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Sales of core real estate assets (multifamily, office, industrial, retail) in Miami-Dade County rose 15% year-over-year to $880...
Category : Economic Insights
More Sellers are Offering Concessions as Mortgage Rates, Prices, and Home Listings Continue to Rise
By Gay Cororaton, MIAMI REALTORS Chief Economist With mortgage rates rising to an average of 6.8% in March 2024, home prices up about 80% since...
Southeast Florida is Undergoing the Most Intense Multifamily Construction Activity Among Major Markets
By Gay Cororaton, MIAMI REALTOS Chief Economist Southeast Florida is undergoing intense multifamily construction activity as the area continues to post strong job growth, sustained...
Driver License Exchanges in Southeast Florida Continue to Normalize in 2024 Q1 But are Still Higher than Pre-Pandemic Levels
By Gay Cororaton, MIAMI REALTORS Chief Economist Driver license exchanges from out-of-state movers continued to trend down in 2024 Q1 but are still above the...
Miami Beach is Ranked #3 Largest Vacation Home Market in the U.S., According to MIAMI REALTORS® Analysis
By Gay Cororaton, MIAMI REALTORS® Chief Economist Southeast Florida is well-known as a vacation destination, but what does the data say? MIAMI REALTORS® crunched the...
March 2024 Update: Southeast Florida 2024 Housing Outlook
By Gay Cororaton, MIAMI REALTORS Chief Economist Given the latest decision of the Fed’s Federal Open Market Committee to keep the federal funds rate unchanged...
Education/Health, Leisure/Hospitality, Trade/Transportation Lead Employment Gains in Southeast Florida in 2023 Q3
By Gay Cororaton, MIAMI REALTORS Chief Economist The US Bureau of Labor Statistics released last week the Quarterly Census of Employment and Wages (QCEW) which...
Multifamily Asking Rents in Southeast Florida Inched Up in February 2024 After Months of Decline
By Gay Cororaton, MIAMI REALTORS Chief Economist The decline in asking rents that hit Southeast Florida’s rental market in the second half of 2023 appears...
When is the Best Time to Buy or Sell a Home in Southeast Florida?
By Gay Cororaton, MIAMI REALTORS Chief Economist Mortgage rates are climbing up again, but mortgage rates are only one factor affecting the best time to...
2024 Commercial Real Estate Outlook: Recovery & Opportunities
By Gay Cororaton, MIAMI REALTORS Chief Economist After taking a heavy beating in 2023, 2024 is poised to emerge as a recovery year for the...