South FL Luxury Rents ↑ Affluent newcomers boosted luxury rental demand, while high-end home sales stabilized. High-earners brought billions in migration income, increasingly choosing rentals over buying. West Palm Beach rents ↑0.9% yearly; upper mid-range segment ↑1.6%. Miami rents ↑0.6% yearly; upper mid-tier segment ↑0.7%. Tight inventory, bidding...
An expert expects South Florida housing to hold up despite economic headwinds, helped by a larger base of high-end cash buyers in the region. Cash buyers make up >50% of the market, giving the region demand support from purchasers less sensitive to rising mortgage rates overall. That buyer mix points to a market where rising mortgage rates may weigh less on...
Ultra-luxury homes priced over $100 million are flooding South Florida’s market, reshaping the region’s real estate landscape.High-net-worth buyers are drawn by tax benefits, waterfront exclusivity, and Florida’s pro-business policies....
South Florida's median single-family home price hit $650,000, second highest in Florida. Miami's median home price reached $574,895 in January 2025, marking an 8.1% increase from the previous year....
2025 existing home sales yearly: 24.0% 2025 existing home median sales price yearly: 9.0%...
Excluding housing, South Florida’s inflation rate remained below 2%, considered a healthy level. South Florida’s inflation ↑ 2.8% compared to the previous year, showing a steady increase....
Florida, particularly South Florida, is experiencing strong demand for office space despite national vacancy rates reaching a 45-year high. A report indicates that one-quarter of U.S. office space could be vacant by early 2026, largely due to remote work trends. In contrast, South Florida's business-friendly environment has attracted companies, resulting in lower vacancy rates compared to major...
The housing affordability crisis in South Florida continues to worsen as a new law allows individuals to sue local governments for not enforcing a ban on public sleeping. This law increases the risk of municipalities facing lawsuits if they do not arrest or remove homeless individuals. Experts express concern that this could lead to a surge in arrests of homeless people to avoid costly legal...
Homebuyers in 2025 will face high mortgage rates and slow home price increases, offering limited relief. Home prices will continue to rise slowly, with ↑ 4.4% increase forecast for 2025....
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