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 : mortgage
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...
Homeowners in the City of Miami See Highest Increase in Home Values Among 20 Major Cities in January 2023
By Gay Cororaton, Chief Economist, MIAMI Realtors® Homeowners continue to see the strongest increase in their home values in the city of Miami among...
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...
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...