Monday, Dec. 4: South Florida real estate market articles

Miami ranked No. 20 in the U.S. Where Baby Boomers are Moving via 2023 Smart Asset study

“Underlying Pérez’s confidence is the belief that Miami has fundamentally changed. The Covid-era influx of wealthy arrivals has paired with a burgeoning cultural and civic scene to give the city a heft that it previously lacked. Miami is no longer a seasonal place governed by the mood of northern tourists or capital ebbs and flows from Latin America. Now, says Pérez, it is a “permanent” city.”

https://bit.ly/46LCqMR

Building boom looming for Florida Keys? State considers easing decades-old growth limits

https://www.miamiherald.com/news/local/community/florida-keys/article282214728.html#storylink=cpy

Broward leads the state in investment in affordable housing via Sun-Sentinel

https://www.sun-sentinel.com/2023/12/03/broward-leads-the-state-in-investment-in-affordable-housing-and-its-paying-off-opinion/

While mortgage rates moving closer to 6% will draw buyers into the 2024 housing market, several economists don’t think it will create a similar rush of sellers listing their homes

https://www.floridarealtors.org/news-media/news-articles/2023/12/lower-rates-draw-buyers-sellers-not-so-much Originally published at https://www.miamirealtors.com/2023/12/04/monday-dec-4-south-florida-real-estate-market-articles/