Our expectations and desires have shifted, with renters searching for more space. And, according to a new study from RentCafe, Miami is on the pricier side.

CoreLogic predicts price increases to slow by next spring in most areas, but the drop-off in South Florida is not as severe as some markets.

With fewer people putting their homes on the market, prices continue to skyrocket.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.

More than 27% of Miami home purchases during the fourth quarter were made by investors, the sixth-highest percentage of metros measured. 

Home value appreciation was greater than median earnings in 25 of the largest 38 U.S. metro areas in 2021, a new Zillow report found, and South Florida was no exception.

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

The median single-family home sale price in Broward County was $519,000 in February, up 19.9% from $433,000 the year before.

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders. 

“Investors are weighing the impacts of rapidly increasing inflation in the U.S. and many other parts of the world against the potential for a slowdown in economic growth due to a renewed bout of supply-chain constraints.” — MBA associate vice president of economic and industry forecasting Joel Kan

In Miami, 28 homes sold for at least $100,000 over asking price, up from four in 2021.