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...
Tag : economy
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,...
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...
30-Year Fixed Rate Falls to 6.61% in Week of November 17
By MIAMI Realtors® Chief Economist Gay Cororaton The average 30-year fixed rate mortgage rate fell sharply to 6.61% for the week of November 17, the...
Miami Metro Area Home Price Appreciation Outpaces Major Markets in September 2022, According to S&P CoreLogic Case Shiller Index
By MIAMI REALTORS® Chief Economist Gay Cororaton Miami Metro Area single-family home prices rose at the fastest pace in the U.S. in September 2022,...