Category : Economic Insights
By Gay Cororaton, MIAMI REALTORS Chief Economist The Miami-Miami Beach-Kendall metro division closed the last quarter of 2023 with the fastest annual single-family price...
Single-Family Home Prices Rose in 77% of Southeast Florida’s Markets, Half with Double-Digit Growths, in January 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida’s single-family homes market remains competitive, with strong demand for homes across price points from wealthier buyers...
Miami-Dade is 4th largest job creator among 360 largest counties
By Gay Cororaton, MIAMI REALTORS Chief Economist The latest US Census Bureau’s Census of Employment and Wages reported 309 of 360 counties with positive...
Single-Family Luxury Home Sales Price Rose to at Least $2.3M in 2023, According to MIAMI Luxury Report
By Gay Cororaton, MIAMI REALTORS Chief Economist With elevated levels of out-of-state migration into Southeast Florida and its strong economy that has attracted business...
Southeast Florida’s Multifamily Units Under Construction Will Be Absorbed Due to Strong Job Growth
By Gay Cororaton, MIAMI REALTORS Chief Economist Due to Southeast Florida’s strong economy and its allure to retirees and movers from more expensive states like...
Southeast Florida Poised for Positive Modest Rent Growth in 2024 Due to More Supply and Increase in Homeownership Demand
By Gay Cororaton, MIAMI REALTORS Chief Economist Asking rents in Southeast Florida are likely to rise at a modest single-digit pace hovering at...
Miami Metro’s Large Multifamily Rental Market is Less Troubled by Excess Supply than Other Markets
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade is less troubled by excess supply woes in multifamily buildings with over 50 units.[1] Nationally in 2023,...
$9.7 Billion of Commercial Real Estate Sold in Miami-Dade County in 2023 Driven by Sales in Urbanizing Smaller Markets
By Gay Cororaton, MIAMI REALTORS Chief Economist In 2023, Miami-Dade County saw $9.7 billion in commercial real estate sales transactions, with about 3,200 sales transactions,...
Southeast Florida 2024 Outlook: Sales Rebound and Sustained Price Appreciation
By Gay Cororaton, MIAMI REALTORS Chief Economist With mortgage rates on the decline and its strong economic fundamentals, Southeast Florida’s housing market is poised for...
Demand for Southeast Florida’s Million-Dollar Homes Remain Strong, with Properties Selling More Quickly Than Pre-Pandemic Times
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida’s million-dollar homes are in high demand, accounting for a larger share of home sales and selling...

