Category : Economic Insights
By Gay Cororaton, MIAMI REALTORS® Chief Economist Out-of-state homebuyers relocating and purchasing South Florida real estate has significantly increased since 2019. South Florida’s growth as...
50,600 more real estate jobs in February 2023 in contrast to Great Recession job losses
By Gay Cororaton, MIAMI REALTORS® Chief Economist Real estate industry[1] payroll jobs rose nationally in February 2023, with 50,600 more jobs compared to one...
Miami-Dade County Undersupplied in Many Municipalities
By Gay Cororaton, MIAMI REALTORS® Chief Economist Even as more homes are on the market, Miami Dade County’s housing market remains undersupplied in many...
South Florida’s Cash Buyers Cushion Effect of Higher Mortgage Rates
By Gay Cororaton, MIAMI REALTORS® Chief Economist Mortgage rates have nearly doubled over the past year to 6.5% as of the week of February...
Inflation Accelerates in January, Two More Rate Hikes Now Likely
By Gay Cororaton, MIAMI REALTORS® Chief Economist Inflation picked up in January 2023 across a broad array of items, with the overall price of...
Miami-Dade Posts Largest Increase in Tech Jobs, Wages Among Top U.S. Counties
By Gay Cororaton, MIAMI REALTORS® Chief Economist Miami-Dade County had the largest year-over-year increase in tech jobs and wages among the top-10 largest U.S. counties,...
Preliminary Data Shows South Florida Housing Market Strengthening in January 2023
By Gay Cororaton, MIAMI REALTORS® Chief Economist Preliminary data on the South Florida housing market shows more new listings of single-family homes and a...
South Florida Homebuyers Save About $500 Per Month with Decreasing Mortgage Rates
By Gay Cororaton, MIAMI REALTORS® Chief Economist The average 30-year fixed rate fell to 6.09% in the week of February 2, the fourth consecutive...
South Florida Homebuyers Have More Negotiating Power in 2023
By Gay Cororaton, MIAMI REALTORS® Chief Economist South Florida homebuyers are starting to regain their negotiating power with more listings on the market compared...
Mortgage rates could hit 5.5% at year-end and average 6% which is affordable for homebuyers
By Gay Cororaton, MIAMI REALTORS® Chief Economist With inflation on the wane per the latest CPI report, I expect the 30-year fixed mortgage rates to...

