Miami Beach Real Estate News
Miami Beach
Mortgage Applications Dip in Late July
According to data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 28, 2023, U.S. mortgage applications decreased 3.0 percent from one week earlier.
Greater Miami Residential Sales Down 18 Percent Annually in June
Based on new data by the Miami Association of Realtors, greater Miami total home sales decreased 18.2% year-over-year in June 2023, from a historic 2,891 transactions in June 2022 to 2,364 in June 2023, because of elevated mortgage rates and lack of supply in certain price points.
U.S. Migration to Most Flood-Prone Areas Has Doubled Since the Pandemic
Based on new data from Redfin, the most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022--a 103% increase from the prior two years, when 189,000 more people moved in than out.
Southwest Florida Housing Markets Hit by Hurricane Ian Bouncing Back
According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back.
