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209
AD
2025 Nov 27, 9:15pm
AD
2025 Nov 27, 9:15pm
https://www.miamiherald.com/news/business/real-estate-news/article313193271.html
Summary: Miami’s housing market, after years of rapid price growth, is finally showing signs of cooling. A new real estate index reveals that home prices in Miami-Dade have begun to flatten and even decline in some areas, marking the first sustained slowdown since the pandemic-era boom.
🏠 Key Points from Douglas Hanks’ Miami Herald Article
• Cooling Trend: The real estate index shows Miami housing prices are no longer climbing at the double-digit pace seen in recent years.
• Market Shift: After a “hot run” fueled by migration, investment, and low interest rates, the market is now adjusting to higher borrowing costs and affordability pressures.
• Regional Impact: While Miami-Dade remains one of the nation’s most expensive housing markets, the rate of appreciation has slowed significantly, with some neighborhoods experiencing outright declines.
• Buyer Behavior: Rising mortgage rates and insurance costs are dampening demand, leading to longer listing times and more price cuts.
• Economic Context: The slowdown reflects broader national trends, but Miami’s market is particularly sensitive due to its reliance on out-of-state buyers and investors.
🔎 Why It Matters
• Affordability Relief: For local residents, the cooling may offer some relief after years of surging prices that pushed homeownership out of reach.
• Investor Caution: Speculative buyers may pull back, reducing volatility but also slowing new development.
• Policy Implications: The shift underscores the need for affordable housing initiatives as Miami balances growth with livability.
In short: Miami’s housing market, once red-hot, is now entering a cooling phase, with price growth slowing and affordability pressures reshaping buyer demand.
Summary: Miami’s housing market, after years of rapid price growth, is finally showing signs of cooling. A new real estate index reveals that home prices in Miami-Dade have begun to flatten and even decline in some areas, marking the first sustained slowdown since the pandemic-era boom.
🏠 Key Points from Douglas Hanks’ Miami Herald Article
• Cooling Trend: The real estate index shows Miami housing prices are no longer climbing at the double-digit pace seen in recent years.
• Market Shift: After a “hot run” fueled by migration, investment, and low interest rates, the market is now adjusting to higher borrowing costs and affordability pressures.
• Regional Impact: While Miami-Dade remains one of the nation’s most expensive housing markets, the rate of appreciation has slowed significantly, with some neighborhoods experiencing outright declines.
• Buyer Behavior: Rising mortgage rates and insurance costs are dampening demand, leading to longer listing times and more price cuts.
• Economic Context: The slowdown reflects broader national trends, but Miami’s market is particularly sensitive due to its reliance on out-of-state buyers and investors.
🔎 Why It Matters
• Affordability Relief: For local residents, the cooling may offer some relief after years of surging prices that pushed homeownership out of reach.
• Investor Caution: Speculative buyers may pull back, reducing volatility but also slowing new development.
• Policy Implications: The shift underscores the need for affordable housing initiatives as Miami balances growth with livability.
In short: Miami’s housing market, once red-hot, is now entering a cooling phase, with price growth slowing and affordability pressures reshaping buyer demand.
211
AD
2025 Dec 4, 10:58am
AD
2025 Dec 4, 10:58am
https://www.realtor.com/news/trends/florida-home-prices-drop-2026-forecast/
As expected, Florida real estate will drop a few percentage points while household income increases 2 to 3% a year. The soaring insurance cost is mostly in the beach high-rise communities as far as complying with state law and property insurance requirements after the Sunrise tower collapse.
As expected, Florida real estate will drop a few percentage points while household income increases 2 to 3% a year. The soaring insurance cost is mostly in the beach high-rise communities as far as complying with state law and property insurance requirements after the Sunrise tower collapse.
212
DemoralizerOfPanicans
2025 Dec 4, 3:08pm
DemoralizerOfPanicans
2025 Dec 4, 3:08pm
Speaking of collapse, a Cold Snap coming around December 9th.
Might get into the 40s and 50s at night in parts of the Panhandle and Central FL!
It'll be interesting whether rock bottom FL wages ($7,000 below national average of $60k) will rise to average US levels, or whether FL housing costs will move closer to the US average (with 7-10% drop needed).
Post-COVID, FL is a mess with 10% below average national worker pay but 7-10% above national average housing costs. Pre-COVID, it was normal as lower than national average wages were offset by lower than average housing. Florida used to have bottom 20% wages AND housing of all states, which cancelled each other out - and far lower prop tax and insurance.
Might get into the 40s and 50s at night in parts of the Panhandle and Central FL!
It'll be interesting whether rock bottom FL wages ($7,000 below national average of $60k) will rise to average US levels, or whether FL housing costs will move closer to the US average (with 7-10% drop needed).
Post-COVID, FL is a mess with 10% below average national worker pay but 7-10% above national average housing costs. Pre-COVID, it was normal as lower than national average wages were offset by lower than average housing. Florida used to have bottom 20% wages AND housing of all states, which cancelled each other out - and far lower prop tax and insurance.
213
AD
2025 Dec 6, 3:35am
AD
2025 Dec 6, 3:35am
DemoralizerOfPanicans says
Its beach weather in Florida panhandle from first week of March to Thanksgiving weekend, or about 9 months.
Whereas in Miami I suspect its beach weather at least 11 months out of year.
The local economic development alliance said similarly that housing costs will stay flat while household income increases 3 to 4% a year.
I'm hearing more locally in Panama City Florida about property and car insurance decreasing, and also property taxes are remaining flat as well.
Gas is around $2.60 a gallon and a dozen eggs are around $2.50 at Publix, all a lot less than during the Birdbrain Biden regime.
Speaking of collapse, a Cold Snap coming around December 9th.
Might get into the 40s and 50s at night in parts of the Panhandle and Central FL!
It'll be interesting whether rock bottom FL wages ($7,000 below national average of $60k) will rise to average US levels, or whether FL housing costs will move closer to the US average (with 7-10% drop needed).
Its beach weather in Florida panhandle from first week of March to Thanksgiving weekend, or about 9 months.
Whereas in Miami I suspect its beach weather at least 11 months out of year.
The local economic development alliance said similarly that housing costs will stay flat while household income increases 3 to 4% a year.
I'm hearing more locally in Panama City Florida about property and car insurance decreasing, and also property taxes are remaining flat as well.
Gas is around $2.60 a gallon and a dozen eggs are around $2.50 at Publix, all a lot less than during the Birdbrain Biden regime.
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2015 - Sold For $155k
2/8/2019 Sold $209,000
Now? Asking $400,000
So we're to believe in 4 years, that this house legit went up almost double. Or in a decade went up almost triple.
Another one:
https://www.zillow.com/homedetails/3802-Sunbeam-Ct-Merritt-Island-FL-32953/43404282_zpid/?mmlb=g%2C13
11/25/2013 Sold
$193,500
-3.2%
$98/sqft
2/14/2023 Listed for sale
$514,900
+166.1%
$261/sqft
Source: DBAMLS #1105834 Report a problem
Both of these houses were minimally updated. The first one was built in the 1960s.
I got half dozen more examples. Here's another, it was just under $250k in what looks like a Steelolanogranite Realtor Flip Special in 2019, before COVID. It was purchased late 2018 for under $172k. Now they want almost $500k for it just 5 years later.
https://www.zillow.com/homedetails/356-W-Dover-St-Satellite-Beach-FL-32937/43448773_zpid/
If you're curious, check out Palm Bay and Melbourne on the mainland. 1950s/1960s Space Program small cinderblock specials, some with no Central Air, are going for almost the same as brand new construction much larger and more modern.