Although higher interest rates on mortgages have caused housing prices to fall overall in most of Florida and across the United States, Miami-Dade keeps bucking that trend. In short, people continue to relocate to the county from New York, Chicago and San Francisco, among other cities.
South Florida housing prices are expected to rise 3.4% in 2023, according to a newly released Realtor.com forecast. Meanwhile, the volume of sales is predicted to drop by 2% locally. CLICK ON THE HEADLINE FOR MORE
Signaling some relief from record-breaking sales prices earlier this year, according to a new Miami Association of Realtors report, home buyers can shop and save across South Florida as sales prices continue to decrease. CLICK ON THE HEADLINE FOR MORE
According to researchers from FAU, the average South Florida home is overpriced 13 percent more than the market average. Although nowhere near the record highs achieved during the market crash of 2007, the speed at which home prices are rising has become a cause for concern. CLICK ON THE HEADLINE FOR MORE
The increase marks the seventh highest increase in the nation. CLICK ON THE HEADLINE FOR MORE
