Broward County set a record for the most annual home sales in November, according to the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS).

With global vaccinations rising and unstable political situations around the world, the luxury real estate market in South Florida — particularly Palm Beach County — is seeing an increase in foreign homebuyers.

Miami-Dade County saw its best November sales month in history as existing condo sales surged double digits for the 14th consecutive month. 

The Federal Reserve’s plan to raise rates and end its bond-buying program will accelerate demand for housing in the short-term, eventually putting downward pressure on median home prices, according to a press release from the MIAMI Association of REALTORS® (MIAMI). 

“Expect strong housing demand to continue and prices to increase, although both will likely moderate over the next 12 months,” writes incoming NAR President Leslie Rouda Smith.

In 2021, our guest contributors shed light on critical topics, including real estate commissions, barriers to homeownership and what’s ahead for 2022.

The National Association of REALTORS®  applauded President Joe Biden’s nomination of acting Federal Housing Finance Agency director Sandra Thompson to serve in a permanent capacity.. “Her talents and experience will benefit the enterprises, homeowners and home buyers and the mortgage-financing ecosystem,” NAR President Leslie Rouda Smith said in a press release.

As part of an ongoing relationship with the Food Recovery Network (FRN), the National Association of Realtors provided roughly 3,475 meals to Americans in the past six months, according to a press release. 

“South Florida real estate sales were surging before the pandemic, but the pandemic accelerated the demand for local housing and made 2021 a historic year.” — Jennifer Wollmann, President of the Miami Association of REALTORS®

The National Association of Realtors (NAR) has partnered with Panorama Travel Solutions to offer exclusive travel deals and discounts through the NAR Travel Club.