Fort Lauderdale Ranked. No. 1 in Multifamily Investment Profitability
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Fort Lauderdale led 30 market areas in multifamily investment profitability, with the highest cap rate of 6.3%, according to Yardi Matrix. Net absorption in the first three quarters of 2025 outpaced new deliveries of multifamily units in the Fort Lauderdale market area, resulting in […]
Miami-Dade County Land Sales Surge; Fueled by Population and Job Gains
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Land sales in Southeast Florida rose to $4.8 billion in the first three quarters of 2025, up 3% from one year ago. Miami-Dade County land sales drove the increase, with $2.1 billion in sales, up 111% from one year ago. The median land residential […]
Southeast Florida Commercial Sales Volume Rose 18% to $9.6 Billion in 2025 Q1-Q3
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Commercial sales rose to $9.6 billion in the first three quarters of 2025 in the counties of Miami-Dade, Broward, and Palm Beach, up 18% from one year ago. Miami-Dade County had the largest sales volume ($4.4 billion, +30%), but Broward County posted the highest […]
California-to-Miami Migration Trend Accelerates
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Miami-Dade County out-of-state driver license exchanges rose 3% in 2025 Q1-Q3. California is the fastest-growing source of out-of-state driver license exchanges, up 66% vs. 2019. Stronger employment conditions particularly in the tech sector in South Florida vis-a-vis California are driving migration flows. Over the […]
5 Reasons Miami’s Appreciation Reflects Real Market Fundamentals
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Single-family home prices have increased sharply in Miami-Dade County since the pandemic, up 77% as of August 2025 compared to 2019, outpacing the wage growth of 29%. Miami-Dade’s robust price appreciation is sustainable because underwriting conditions today are more stringent today than prior […]
MIAMI REALTORS® Chief Economist Gay Cororaton on the Dinero Y Mas Podcast. Gay Cororaton provides an overview of the residential market, highlighting buyer momentum and inventory changes.
In this episode of Dinero y Mas, Raul Mas discusses the current state of financial markets, real estate trends, and economic insights with expert guests Gay Cororaton and Alfredo Faubel. The post MIAMI REALTORS® Chief Economist Gay Cororaton on the Dinero Y Mas Podcast. Gay Cororaton provides an overview of the residential market, highlighting […]
Buyer Momentum Strengthens in Miami Market Area in August 2025
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways Single-family pending sales rose 4.7% while condominium/townhome sales rose 0.9% in August 2025. The median single-family sales price rose 2.3% in Miami-Dade County in August for the 14th year, with the largest price increase in Broward County (3.1%) Million-dollar condo/townhome sales rose 10.8% in […]
New York Developer and WeWork Founder Lead Miami’s Largest Multifamily Development
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways 35,000 multifamily units expected to be delivered in the Miami-Fort Lauderdale-Palm Beach market area in 2025-2026. 40% of new multifamily units are in Miami with a New York-based company and WeWork founder leading the largest development projects. Condo rents in buildings built after 2010 […]
Southeast Florida Home Sales to Rebound in 2026 as Mortgage Rates Hit 6%
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways Mortgage rates are likely to stabilize at 6% in 2026 from 6.7% in 2025. Single-family sales are likely to rebound 5% in 2026 while single-family home sales prices will increase at stronger pace of 3.4% as inventory tightens to 5.1 months’ supply. The million-dollar […]
Miami-Dade: Ranked No. 1 in the U.S. in Jobs Growth
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County had the highest employment growth in 2025 Q1 among the nation’s 10 largest counties, according to the latest US Bureau of Labor Statistics Quarterly Census of Employment and Wages. Employment rose 1.5% in Miami-Dade County, outpacing the 0.4% year-over-year increase nationally. Read the […]