Miami Beach Real Estate News
Miami Beach
Greater Miami Area Residential Sales Dip 8 Percent Annually in November
Based on new data by the Miami Association of Realtors, total Miami-Dade residential sales decreased 7.8% in November 2023, from 1,791 to 1,651, due to elevated mortgage rates and low inventory in key price points.
U.S. Home Prices Cooling Faster Than Normal in November
Based on the latest Zillow market report for November 2023, monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common.
2024 Elections Rank as Biggest Potential Risk to Luxury Housing Markets Worldwide
Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point.
Miami Overall Residential Sales Slip 5 Percent Annually in October
Miami single-family home sales decreased 1.5% year-over-year, from 884 in October 2022 to 871 in October 2023. Miami single-family home sales, which saw an increase in transactions the previous month, still has a lack of inventory in key price points as elevated mortgage rates have impacted buyers looking to finance.
