South Florida housing prices are expected to rise 3.4% in 2023, according to a newly released Realtor.com forecast. Meanwhile, the volume of sales is predicted to drop by 2% locally. CLICK ON THE HEADLINE FOR MORE
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
With Miami’s fintech expansion and stature as the No. 1 U.S. destination for global homebuyers, demand is driving the real estate market and the lack of housing supply continues to fuel property appreciation and record sales, CLICK ON THE HEADLINE FOR MORE
Sunny, relatively affordable areas are typically the most popular places for people to move to, a trend that has picked up with the pandemic. The number of residents flowing into Miami in the first quarter was up nearly six fold from two years earlier, CLICK ON THE HEADLINE FOR MORE
Mike Pappas, president and CEO of The Keyes Co., told Miami Today then that realtors may close 3%-5% more sales this year than last. CLICK ON THE HEADLINE FOR MORE
Annual home sales are expected to rise more than 10% in 2021, following a 5% rate of growth in 2020, according to a recently released Redfin report. CLICK ON THE HEADLINE FOR MORE
Home prices have been rising since 2012 and economists say the end of the run is near. In South Florida, for example, homes are overvalued by close to 20 percent, the highest level in eight years. CLICK ON THE HEADLINE FOR MORE
Nationwide mortgage rates are the lowest they’ve been in at least ten years, and such favorable financing may well be a driving force in the recovery of the real estate market in Miami-Dade, local experts say. CLICK ON THE HEADLINE FOR MORE
“Low mortgage rates and homebuyers from tax-burdened states continue fueling Miami real estate,” said realtors association chairman Jorge L. Guerra Jr. CLICK ON THE HEADLINE FOR MORE
Thanks to ultra-low mortgage rates, it’s an excellent time to buy or sell a home. CLICK ON THE HEADLINE FOR MORE
