Tag : 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...
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...
Miami Metro Area’s Job Growth Continues Outpacing National Trend
By Gay Cororaton, MIAMI REALTORS® Chief Economist The Miami metro area continues to post stronger job growth than the nation, according to Bureau of...
30-Year Mortgage Rate Drops for Fifth Consecutive Week to 6.31% Resulting in More Mortgage Applications
By MIAMI Realtors® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the fifth consecutive week during the week of December 15, 2022 to...
Inflation Slows to 7.1% in November 2022, With Shelter as Main Inflation Driver
Inflation has increased faster in Miami than nationally due to strong employment and migration into the area....
30-Year Mortgage Rate Falls for Third Consecutive Week; Could Decline to 6% by Year-end as Economic Risks Now Outweigh Inflation Risks
By MIAMI Realtors® Chief Economist Gay Cororaton The 30-year mortgage rate fell for the third consecutive week during the week of December 1 to...

