Geopolitical Tensions Could Push Mortgage Rates to Near 7% in 2026
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways Geopolitical tensions that have pushed oil prices to over $100/barrel could push inflation to an average of 3.7% and the 30-year mortgage rate to an average of 6.8% in 2026. Rising mortgage rates will set back the housing market recovery to 2027. Million-dollar buyers […]
MIAMI Realtors to Sign 300th Global Partnership & Expand South Florida’s Global Exposure at MIPIM
MIAMI — The MIAMI Association of Realtors (MIAMI) will sign its record 300th global partnership, champion the distinct and powerful Miami lifestyle and launch more global business for South Florida during its expanded presence at the world’s largest commercial real estate event, MIPIM, from March 9-13 in Cannes, France. MIAMI will sign its 300th […]
Mark Zuckerberg splashes out $170M on just 1.84 acres in Miami
Facebook founder Mark Zuckerberg and his pediatrician wife Priscilla Chanhave bought a waterfront mansion in Miami that’s still under construction. The post Mark Zuckerberg splashes out $170M on just 1.84 acres in Miami appeared first on MIAMI REALTORS®.
NEO Wins Gold at The Nationals
Awarded Gold at the NAHB International Builders’ Show, the largest annual residential construction show in the world. In February 2026, at the International Builders’ Show hosted by the National Association of Home Builders (NAHB), NEO received the Global Innovation, Research & Exchange Gold Award, the highest achievement in homebuilding marketing and sales. This recognition builds […]
South Florida Affordable Housing Construction on the Rise Because of Live Local Act
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways 5,427 units in Fully Affordable buildings and 7,250 units in Partially Affordable buildings are under construction as of January 2026, with 11,619 units in Fully Affordable buildings completed and projected to be completed from 2024-2027. Occupancy in workforce rental housing is higher at 97% […]
Real Estate Icon Teresa King Kinney Announces Retirement Plans; MIAMI Association of Realtors’ CEO of 33 Years to Pass the Torch at Year End
MIAMI — Real estate icon Teresa King Kinney, CEO of MIAMI Association of Realtors (MIAMI), has announced plans to retire from her role leading the nation’s largest local Realtor association after 33 years. MIAMI has retained a national search firm to find a successor. “These have been the most exciting years of my life […]
South Florida Million-Dollar Home Sales Surge 24%
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways South Florida’s housing market started off strong in January 2026, with single-family and condominium sales up 5.2% overall. Sales of million-dollar single-family and condominium/townhomes sales surged 23.8%. South Florida million-dollar market is poised to continue to grow in 2026 due to favorable market fundamentals […]
Miami-Dade Total Home Sales, Single-Family Transactions Climb Again
MIAMI — Miami-Dade total home sales rose, single-family home transactions increased for the fifth-consecutive month and the resilient condo market maintained steady sales, according to January 2026 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Total home sales (+1.2% y/y), single-family home transactions (+2.8% […]
Miami-Dade Home Equity Gains Nearly 2X the National Figure
By Gay Cororaton, MIAMI REALTORS Chief Economist With prices rising robustly and on a sustained basis for the past 14 years, Southeast Florida homeowners have achieved higher levels of home equity and equity ratios (equity/sales price) than nationally over the past 15 years since 2010 Q4.[1] Given high levels of equity, homeowners are […]
New York, Texas, and California: Top States Switching Jobs to South Florida
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways In 2024, 55,244 out-of-state workers switched to a Miami Metro Area job, led by movers from New York, Texas and California. Over the period 2024 Q1-Q3, out-of-state job movers contributed $5.1 billion to the Miami Metro Area employment earnings in 2024. The […]