Saturday, April 27, 2024

Real Estate

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 6.31%. The mortgage rate fell as the Fed downshifted to a smaller 50 basis points...

Colombia Regains Spot as Top Country Searching Miami Real Estate; Texas is Top State and D.C. is Top U.S. City

MIAMI — Colombia posted the most global web searches for Miami homes in November 2022, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now topped the list of foreign countries searching Miami real...

Martin County Mid-Market Condominium Sales Rise Again

MIAMI — Martin County mid-market condo sales rose for the second consecutive month, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.   “Martin County homes priced between $400K to $600K...

More Inventory Coming to High-Demand Palm Beach County Real Estate Market

MIAMI — Palm Beach County real estate total active listings rose for the fifth straight month, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.   “Palm Beach County inventory is...

2022 Port Construction Projects Overview and Analytics: MENA has the Highest Share of the Pipeline Value at $99.5 Billion

DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Port Construction Projects Overview and Analytics by Stages, Key Countries and Players (Contractors, Consultants and Project Owners), 2022 Update" report has been added to  ResearchAndMarkets.com's offering. The publisher is currently tracking port construction...

Much-Needed Inventory Rises for Fifth Straight Month in Broward County

MIAMI — Broward County real estate total active listings rose for the fifth straight month, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.   “Rising inventory means more options and...

Miami Real Estate Records 4th Best Sales Year Ever; 11 Consecutive Years of Price Appreciation

MIAMI — Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go it is poised to end 2022 as its second-biggest sales year ever, according to November...

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 Labor Statistics data released Friday. This is a robust indicator for the local commercial and residential...

MIAMI Realtors Signs 12 New International Partnerships; MIAMI Real Estate Network Expanded to 242 Partners in 70+ Countries

MIAMI — The MIAMI Association of Realtors (MIAMI) signed 12 new international agreements with real estate associations at the 2022 MIAMI Global Real Estate Congress and the 2022 NAR NXT Conference & Expo, expanding its record number of global...

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 continue to decline consistently by the second half of 2023 and hit 5.5% by year...
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Monday, March 18, 2024: South Florida real estate market articles

Miami ranks No. 1 in the U.S. in international migration via new Census numbers. In Miami-Dade County, there were...
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