Miami’s Luxury Rental Market Slowing Down

Historic rental increases couldn’t continue forever. The addition of more units and drop in new residents has weakened demand and dinged rental prices.

Fla. Sept. Report: Single-Family Sales Up 6.1%

The increase breaks a pattern of declines, says Florida Realtors Chief Economist O’Connor, as prices rose 1.3%. For 3Q 2023, though, sales were down 3.2%.

FREC Sets Foreign Buyer Affidavit Workshop

On Oct. 24 at 1 p.m., FREC will focus on foreign buyer “Affidavits of Buyers of Property” and broker-held escrow deposits. The public is invited, virtually or in-person.

Mortgage Rates Keep Moving Higher: 7.63% this Week

The march toward 8% mortgages continued this week, with the 30-year, fixed-rate mortgage averaging 7.63%, up from last week’s 7.57%. A year ago, it was 6.23%.