South Florida Agent’s top 5 Association News items from 2021

by Lindsey Wells

Association News is a favorite feature at South Florida Agent because it’s a chance to hear directly from local leaders in real estate. In 2021, our guest contributors shed light on critical topics, including real estate commissions, barriers to homeownership and what’s ahead for 2022. Look through our top 5 Association News stories to reflect on the unique year in real estate.

No. 5: MIAMI Commercial expands services, products and advocacy for members

Over the past year, MIAMI Commercial — which received the first NAR Commercial accreditation in the U.S. — has forged key partnerships, added many new services for members, launched global networking events and more.

No. 4: Record-breaking home sales year boosting South Florida economy: Miami dollar volume totals $7.4 billion in 3Q 2021Cheryl Lambert


South Florida’s real estate market recovered from the pandemic and lockdowns faster than most of the country because real estate in Florida was deemed an essential service, and transactions were able to continue. Since other areas of the country were shut down, South Florida became a haven for people who were able to work remotely.

No. 3: Obstacles and opportunities to growing Hispanic homeownership

Over the past decade, Latinos have accounted for over 40% of household formations, driving demand for homeownership. However, the supply of housing has not kept up with this demand, resulting in prices that push homeownership out of reach for many and make it impossible to get an offer accepted for others, despite the low-interest-rate environment.

No. 2: How real estate commissions work

It’s vital that real estate professionals share this information with their clients, so they can understand the basics before the process of buying or selling a home even begins. It’s even more critical in today’s highly competitive market, where inventory is extremely low and homes stay on the market for a very limited time.

No. 1: Who’s Moving to Miami?

No longer is South Florida just a place for sun and beaches. Miami is now a 24/7 global city with diverse local talent. The top financial center in the Southeast, it’s home to a booming downtown, serves as an unparalleled gateway to Latin America, hosts a world-famous arts and cultural scene and sports the best business-friendly environment in the U.S.

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