Tag : inflation
By Gay Cororaton, Chief Economist South Florida’s housing supply remains broadly tight compared to pre-pandemic level, supporting sustained price appreciation in this market. As...
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...
South Florida home sales expected to continue to increase through 2023 as mortgage rates decline
By Gay Cororaton, Chief Economist, MIAMI REALTORS® Mortgage rates fell for the second consecutive week to 6.42%. Rates fell following the Fed’s decision to increase...
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...
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,...
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...

