Gay Cororaton, Chief Economist  South Florida’s Economic Fundamentals Remain Solid – South Florida Residential Rental Market Report – May 2023    The median rent paid for new leases continued to cool in May 2023 but Miami’s rent growth is still outpacing the nation as the city continues to experience sustained migration, job creation, and continued

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MIAMI — The MIAMI Association of Realtors (MIAMI) has partnered with Nila June, an artificial intelligence writing service, to boost MIAMI members’ marketing and service to their clients with fully automated AI property listing descriptions.   Nila June instantly produces property descriptions that are more precise than ChatGPT, creative, accurate

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DENVER, June 21, 2023 /PRNewswire/ — Forum Capital Advisors LLC (“Forum”), a Denver-based investment management firm, announced today that it has closed on a $18 million preferred equity investment supporting the development of Tacara at Steubing Heights, a 293-unit multifamily project in San Antonio, Texas. “We are excited to close our first inves

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By Gay Cororaton, Chief Economist MIAMI REALTORS® Miami-Dade County continues to retain its real estate tax advantage against several high-cost counties in New York, New Jersey, California, and counties where major U.S. cities are located. This tax advantage is a key factor driving migration into South Florida, along with the area’s strong job grow

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CHARLOTTE, N.C., June 21, 2023 /PRNewswire/ — LendingTree, one of the nation’s largest, most experienced online financial platforms, is excited to announce the appointment of Eoghan Nolan as SVP, Product Management. With extensive and diverse experience in digital product design, technology, and engineering, Eoghan has a proven track record of unlo

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By Gay Cororaton, Chief Economist, MIAMI REALTORS®   A strong job market, the increased opportunity to work from home, retirement, and the property tax advantage are why people continue to move to Florida. South Florida continues to attract residents from other states with sustained momentum since the pandemic based on the number of out-of-state dr

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By Gay Cororaton, Chief Economist   Amid the economic headwinds of higher interest rates and tighter financial conditions, Miami-Dade County saw an increase in office occupancy in 2022 and through the first quarter of 2023 as the area continues to experience robust job gains, in-migration, and a post-pandemic recovery in domestic and international

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By Gay Cororaton, Chief Economist   South Florida’s housing supply remains broadly tight compared to pre-pandemic level, supporting sustained price appreciation in this market. As of March 2023, 87% of 92 incorporated municipalities in Miami-Dade, Broward, and Palm Beach (where months’ supply data) have lower months’ supply of homes for sale compar

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By Gay Cororaton, MIAMI REALTORS® Chief Economist   While properties are taking a bit longer to sell compared to the frenzied pace in 2021-2022, South properties are still selling in the fastest time compared to the pre-pandemic years with far fewer homes on the market across all price segments. South Florida’s housing market is likely […]

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By MIAMI Chief Economist Gay Cororaton   The number of people moving to Florida has increased compared to the pre-pandemic period (2019) bringing a net increase of $16 billion in household income to the area, according to MIAMI REALTORS® analysis of the 2020-2021 migration data released by the Internal Revenue Service[1]. Sustained migration and jo

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