South Florida Summer Home Sales Could Get a Boost from Fed’s Brief Interest Rate Pause
By Gay Cororaton, Chief Economist Expect a busier summer market with the Fed’s brief pause on its rate hikes before it starts to raise...
Tag : fed
Mortgage Rates Expected to Decline to 5.5% by Year-End, Saving South Florida Homebuyers as Much as $240/Month
By Gay Cororaton, Chief Economist MIAMI REALTORS® Mortgage rates decreased for the fifth consecutive week in the week of April 13 to 6.27%. I expect...
Selective Lending Conditions Will Tend to Favor South Florida’s Real Estate Market
By Gay Cororaton, Chief Economist, MIAMI Realtors® One potential effect arising from the takeover by regulators of two regional banks is credit tightening and more...
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...
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...
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...
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...