Mortgage Rates Decline, but Median Home Prices Rise in June 2024

At the national level, housing affordability fell modestly in June compared to the previous month, according to NAR’s Housing Affordability Index. The monthly mortgage payment increased by 1.0% compared to the prior month, while the median price of single-family homes increased by 2.4%. The monthly mortgage payment increased by $23 from last month. Compared to […]

Miami-Dade Again Leads the Nation in Multifamily Units Under Construction 

  By Gay Cororaton, MIAMI REALTORS Chief Economist   Miami-Dade County continues to rank No. 1 in the U.S. in multifamily units under construction with developers continuing to remain bullish given the area’s strong job growth and sustained migration. According to Cushman and Wakefield’s[1]  multifamily report for 2024 Q3, there were about 25,000 units in […]

Colombia is Top Foreign Country Searching Miami Real Estate

MIAMI — Colombia again registered the most global web searches for South Florida real estate in August 2024, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia, which is also South Florida’s top global buyer, has now finished in the top two countries searching Miami real estate in each of the […]

Miami-Dade County Job Creation Outpacing the National Rate 

  By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County Job Creation Outpacing the National Rate This week, the Bureau of Labor Statistics released state-level data on August employment and July job openings. The data shows that Florida tops all states with the largest number of job openings where there are more job openings  than […]

Miami Single-Family Home Sales Again Post Gains as Condo $1M & Up Sales Rise

MIAMI — Miami-Dade County single-family home sales continued its robust year and increased year-over-year as existing condominium $1M & up sales surged triple digits above pre-pandemic numbers, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).   Miami single-family sales have posted gains in […]

RE Technology Renews Partnership with MIAMI Association of REALTORS® as MIAMI Continues to Provide Leading Technology Education to its Members

MIAMI — RE Technology, the premier online resource for real estate technology education, announces the renewal of its partnership with the MIAMI Association of REALTORS® (MIAMI) so MIAMI can continue to provide best-in-class technology education to its 60,000 members so they can better serve their clients and make more deals.   “Today, it is more […]