by Erica Wertheim Zohar Here we go again…the best of the art world (not to mention the fashion world, culinary world, luxury brands, celebrities, and partygoers) descend on Miami for Miami Art Week, which includes a week long schedule of incredible art exhibits, parties, and events that are sprinkled around the Magic City. A lot […]
by Chris Umpierre 45% of all Miami-Dade $1M+ sales since 2008 have happened in the last three years #MiamiRealtors | #MiamiForwardThinking MIAMI — Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics […]
In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country The United States is a country of two housing markets. In one, home prices are falling from a year ago. In the other, they’re still […]
A decline in mortgage rates has more people interested in buying homes Falling mortgage rates are beginning to stir demand in the housing market. The average 30-year home loan rate has come down by just about a full percentage point from a 20-year high above 7% in November, largely in response to signs that the […]
A little while ago, a housing analyst was being interviewed about the current state of the residential market and they suggested that the country is in a “housing recession”. Well, needless to say, this got a lot of attention from the media and the public at large — for obvious reasons.
Gone are the days of round-the-block lines for open houses, love letters to sellers, and buyers waiving due diligence with their all-cash offers in South Florida.
The nearly two-year housing boom, fueled by out-of-state migration, low interest rates and few pandemic restrictions, is on hiatus. The “urgency” previously felt by potential buyers has dissipated, brokers say, and when — and if — that will return is unclear.
Nationally, some large brokerages announced major layoffs ahead of a potential recession.