Miami Housing Market Cools but Is Still the Hottest Around

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Miami home-price growth slowed but continued its climb in the first quarter, fueled by persistent demand even as higher mortgage rates pull down housing prices elsewhere

Warm weather, looser business regulations and lack of a state income tax continue to draw new residents to Florida

From New York to Austin, America’s biggest cities are littered with vacant plots of land. WSJ explains the unseen role property taxes play in the country’s housing shortage. Photo Illustration: Amber BragdonMiami home-price growth slowed but continued its ascent in the first quarter, fueled by persistent demand even as higher mortgage rates pull down housing prices

Median prices in Miami-Dade County rose 5.2% during the quarter compared with the same quarter last year, according to Ron Shuffield, president of Berkshire Hathaway Home Services EWM Realty.

 

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Miami is not heavy on Office space. Was not impacted by COVID the same.

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