Home prices in the country could fall 15 to 20 percent in a “pessimistic” scenario, according to the recently published report. If that correction happens, it could remove 0.5 to 0.7 percentage points from consumer spending. CLICK ON THE HEADLINE FOR MORE
According to a new report, the Miami Metro area as a whole isn’t building enough new housing to match the national average. Instead of expanding with new suburbs as in other metro areas, developers in Miami have been building vertically – but it still isn’t enough. CLICK ON THE HEADLINE FOR MORE
With pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled transactions, Q2 2021 set a record for the most total home sales for Miami-Dade County real estate.
According to researchers from FAU, the average South Florida home is overpriced 13 percent more than the market average. Although nowhere near the record highs achieved during the market crash of 2007, the speed at which home prices are rising has become a cause for concern. CLICK ON THE HEADLINE FOR MORE
Record demand for Miami properties continues to fuel significant appreciation despite much needed supply readily becoming available. CLICK ON THE HEADLINE FOR MORE
As a global city, Miami will continue to attract second home buyers, new residents, and new business enterprises long into the future, which will generate further demand for Miami real estate. CLICK ON THE HEADLINE FOR MORE
