The WPJ

Miami

Fast Rising Mortgage Rates Now Impacting Miami Home, Condo Sales

The Miami Association of Realtors is reporting this week that Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever.

National U.S. Office Rents Slip Annually in May

According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.

Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.

Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.

U.S. Housing Industry Reacts to Fed's Historic Rate Hike

Today's announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months.

Miami Property News



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