Miami Real Estate

Case-Shiller: Prices Still Up by Year, Down by Month

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In the latest 20-city index, U.S. home prices rose 7.7% year-to-year and dropped 0.6% month to month. But two Fla. cities, Tampa and Miami, saw different results. NEW YORK – The latest S&P Dow Jones Indices released on Tuesday and covering November 2022 found a repeated pattern: The index measuring U.S. home prices year-to-year was … Read more

2022 Price Slowdown? Sellers’ Profits Still Rose

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Prices didn’t stop rising in 2022, increases just slowed. U.S. sellers averaged a $112K profit, up 21% – and eight of the top investment returns were in Fla. metros. IRVINE, Calif. – According to Attom’s end-of-year report, the typical sales profit percentage rose from 2021’s 45% to 51% last year, even with values dropping in … Read more

Housing Crash Predicted for 4 Cities – None in Fla.

Goldman Sachs 2023 prediction includes a 2008-type housing crisis, but only in four U.S. cities it considers “overheated”: San Jose, Austin, Phoenix and San Diego. NEW YORK – Goldman Sachs is predicting dark days in 2023 for some of the pandemic’s red-hot U.S. housing markets. The investment bank shied away from predicting a nationwide crash, … Read more

Who’s Moving Here? What Driver’s License Data Says

TALLAHASSEE, Fla. – A second notable swell of newcomers traded out-of-state driver’s licenses last year for ones with a Sunshine State address following temptations of tropical succor, an income tax desert or a particular political ethos. More than 583,200 people were freshly entered into the state Department of Highway Safety and Motor Vehicles database in … Read more

Fla. Has 9 of 21 Top Overpriced Rental Markets

FAU: Fort Myers metro renters pay 18.05% above long-term trends, along with Miami, North Port, Jacksonville and five Central Fla. metro areas. TAMPA, Fla. – The rent cost is high, and has been for a while, especially in Florida. As housing costs remain a significant driver of overall inflation, a new study by Florida Atlantic … Read more

Swanepoel Power 200 List Includes Fla. Leaders

Congratulations to those recognized for their influence, inspiration, innovation, decision-making and leadership in the real estate industry across the nation. ORLANDO, Fla. – The annual Swanepoel Power 200 – named for T3 Sixty Chairman and CEO Stefan Swanepoel – rates real estate’s leaders across the nation. The just-released list for 2023 includes Realtor® association leaders, … Read more

FAU: Short-Term Rentals Hurting S. Fla. Residents

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S. Fla. demand for short-term rentals entices more RE investors to offer them, but, according to an FAU report, that helped pushed rents higher for year-round residents. MIAMI – South Florida renters can partly blame high home rents on the popularity of short-term rentals in the region, according to a new report from a Florida … Read more

U.S. Rent Growth Slows, Up 4.8% in Dec.

A year-to-year comparison of rate increases finds the smallest jump in over a year. Rents rose less than that in 3 Fla. metros and were down 0.8% in Jacksonville. SEATTLE – The median U.S. asking rent rose 4.8% year-over-year to $1,979 in December – the smallest increase since July 2021, according to a report from … Read more

Florida Realtors Wins NAR Diamond Global Award

The global awards honor the most active Realtor associations working internationally. Diamond, the highest level, requires platinum level 5 years in a row. ORLANDO, Fla. – The National Association of Realtors® (NAR) honored Florida Realtors® with a 2022 Diamond Global Achievement Award for its activity in developing and promoting the state’s international real estate market. … Read more

In 2022, 1 in 17 Floridians Displaced by Disasters

A first-of-its-kind survey by the Census Bureau found 1.3% of Americans were displaced by natural disasters last year, with Fla.’s hurricanes the top reason cited. MIAMI – More than 1.3% of the adult population in the U.S. was displaced by natural disasters in the past year, with hurricanes responsible for more than half of the … Read more