Foreman International Realty

Miami ranks No. 1 in the U.S. in international migration via new Census data. Broward is No. 5. Palm Beach County is No. 13 There are over 3,000 counties in the U.S. Read our Chief Economist's report at: MiamiRealtors.com/EconomicInsights #MiamiRealtors

Happy International Women’s Day!

“The time is always right to do what is right.” Dr. Martin Luther King Jr.

Happy New Year!
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Sellers are once again receiving peak pricing on their homes! 🏠 Median Sale Price continues to rise after bottoming out at the beginning of the year. In fact, the May 2023 MSP for Single-Family Homes is only $100 less than it was a year ago. Price growth did decelerate after last summer when rising interest rates spooked potential buyers, but potential sellers were also impacted by not wanting to enter the market as a buyer themselves. The result: fewer people are putting their homes on the market, creating less for people to choose from. This is once again favoring sellers who do choose to list and the right properties are achieving near peak pricing again.

Take a look in your local area at Median Sale Price. Is your local area following the Florida trend or doing something different? We’d love to see! Take the to find out—follow the steps above, create your own chart and share on social media: floridarealtors.org/sunstats

The data used in this analysis was released on June 22, 2023. You can view the full SunStats data release schedule here: floridarealtors.org/sunstats-calendar

Mortgage Rate Hits 6.81%, Highest Since Nov. 2022 It’s a new high for 2023 and the second week of increases. It’s largely the result of higher 10-year Treasury Note yields as investors worry about inflation.

We are excited to announce we are open for business in Facebook to deliver valuable real estate content to our audience!

Foreman International Realty is now on Facebook!