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Showing posts from October, 2022

Real Estate Market Predictions: Are Miami Home Prices Falling?

The Miami real estate market is recovering from a recent dip caused partly by the COVID-19 outbreak. Nonetheless, the Miami Association of Realtors anticipates a sales surge in the following months. This rise is spurred by an inflow of high-income people from high-tax jurisdictions. Furthermore, the Miami property market has seen tremendous pent-up demand in recent years. Despite this, the general trend of Miami housing prices is slowing. Higher interest rates are projected to affect Florida real estate values. However, given the "fear of missing out" attitude, the degree of decrease is impossible to forecast. Even if the trend is decreasing, the market remains quite popular. Despite the present downturn, the number of Florida house purchasers is predicted to climb between 2019 and 2022. According to a recent National Association of Realtors survey, house values are growing in specific locations but trailing in others. While demand for luxury residences continues to rise, sa