Miami’s median rent asking price in September was $3,080.

The report shows decreases in sales prices, as well as an overall increase in days on the market. While this could be due partially to high interest rates, Bailey says the shift in the market could open up opportunities for buyers who’ve had to put their plans on hold.

The median price for a home in the Miami area in September was $599,000, an increase of 28.3% compared to the same month last year.

Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.

The analysis found an increase in mortgage denials and in potential borrowers withdrawing mortgage applications in areas with an elevated risk of flooding.

Looking ahead, CoreLogic expects the year-over-year pace of home-price appreciation to slow to 3.5% by August 2023. 

The average median home size varies drastically across the country, according to American Home Shield’s 2022 American Home Size Index.

Market volatility is causing more and more homebuyers to delay or cancel plans to make a purchase.

Rising mortgage rates have led to a substantial increase in the number of markets considered overvalued.

Mortgage rates continue to fluctuate by nearly half a percentage point every month, leaving homebuyers facing the most volatile three-month period they’ve seen since 1987.

“Homeownership remains largely unaffordable for the majority of homebuyers in the majority of markets across the country,” said Rick Sharga, executive vice president of market intelligence at ATTOM.

The price index continued to climb in Miami, though, increasing 1.29% from June to July. Year over year, the Miami home price index is up 19.1% 

While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.

In Miami, the bidding-war rate actually grew, as 42.2% of Redfin offers faced competition in August

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Miami had one of the highest ratios of people moving in vs. those moving out during the first half of the year, a recent analysis found.