Category : Economic Insights
By Gay Cororaton, MIAMI REALTORS Chief Economist Home prices have been growing at a slower pace compared to the torrid pace in 2021-2022. It’s expected...
Southeast Florida Sees Sustained Migration in 2023 with Driver License Exchanges up 8%
By Gay Cororaton, MIAMI REALTORS Chief Economist Migration into Southeast Florida from other states and abroad in 2023 remained strong compared to the pre-pandemic level...
Fed Indicates 0.75% Rate Cut in 2024 That Could Drive Down Mortgage Rates to 5.25% by 2024 Q4, Boosting Home Sales by 7%.
By Gay Cororaton, MIAMI REALTORS Chief Economist What a terrific year-ender for interest rates, with a dark cloud lifted over where interest rates are heading...
South Florida Single-family Rental Asking Rents Outpace Multifamily Rent Growth in October 2023
By Gay Cororaton, MIAMI REALTORS Chief Economist Multifamily rental listings continued to surge in South Florida, causing rents to soften in Miami-Dade and in...
South Florida Remains a Prime Multifamily Market
By Gay Cororaton, MIAMI REALTORS® Chief Economist The 2023 Q2 South Florida Market Report for Multifamily Investors was written by Gay Cororaton, Chief Economist, and...
Apartment Rent Growth Cools but Miami is Still Outpacing U.S. Rent Growth
Gay Cororaton, Chief Economist The median rent paid for new leases continued to cool in May 2023 but Miami’s rent growth is still outpacing...
$4.7 Billion Commercial Sales Volume in Miami-Dade County in Q1-Q3 2023 with a Rebound Expected in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Commercial real estate transactions volume in Miami-Dade County during the first three quarters of 2023 totaled $4.7 billion,...
Mortgage Rates Could Fall Below 6% by End of 2024 Spurring a Double-Digit Housing Market Rebound
By Gay Cororaton, MIAMI REALTORS Chief Economist Amid weakening inflation and market expectations that the Fed is pretty much done raising rates, the 30-year...
In-Migration Boosted South Florida Household Income by $16 Billion in 2021
By MIAMI Chief Economist Gay Cororaton The number of people moving to Florida has increased compared to the pre-pandemic period (2019) bringing a net...
Out-of-State Movers to Florida Hit Highest Level in Nearly Two Decades with New York, California, and New Jersey as Top States of Origin
By Gay Cororaton, MIAMI REALTORS® Chief Economist More people moved into Florida than moved out in 2022, the highest level of net and gross...

