real estate

According to a new report from Redfin, Miami, West Palm Beach and Jacksonville metro areas continue to dominate the country in cash-heavy transactions, even as high mortgage rates begin to stabilize.

Broward County's condo market was the weakest in the region in January with sales down, prices falling and inventory growing. Palm Beach County's condo sales jumped to begin the year while they held even in Miami-Dade.

"When nearly one in five home purchases in Miami is investor-financed, it fundamentally changes market dynamics for everyday buyers,” Jake Stoddard, Owner of Reliable Cash House Buyers, said in a statement accompanying the report.

Founders of Meta and Google are the latest to join the tech exodus from the west coast and buy homes in Miami. As South Florida continues attracting the uber-wealthy — as well as other out-of-state workers with bigger paychecks than Floridians — how does it impact the housing market for everyone else?

The first witness at the sex trafficking trial of three brothers, two of them real estate agents from Miami, told a New York jury that the thrill of joining a party at actor Zac Efron's apartment turned into a nightmare when she was repeatedly raped by one of the brothers.

South Florida's condo market cool-off continued in 2025 even as the number of sales increased as the year came to an end. Single family homes remained in strong demand.

The median price of a condo sold in Miami-Dade County hit its lowest level in three years in November. More units for sale across the region, falling prices and a drop in mortgage rates have helped revive the struggling condo market.

South Florida home prices generally held steady in 2025, but condo prices fell. The housing market has been showing signs of stabilizing as mortgage rates have been falling. What could 2026 have in store?

The Florida Legislature is poised to pass several proposed constitutional amendments that would change local property taxes if approved by voters. Cutting or getting rid of most property taxes may not make buying a home more affordable though.

A quarter of single family homes and half of condos are sold for cash in South Florida, yet the regional housing market remains sensitive to changes in mortgage rates. The Federal Reserve is expected to cut its target short-term rate later this week, which may bring down borrowing costs for home buyers.

Average monthly fees for high-rise condo buildings in South Florida are the highest in the country outside of New York City, according to data from North America's largest property management firm. Higher insurance and labor costs are significant drivers, as is setting aside more money in reserves.

Miami now ranks as the sixth-most expensive city in the U.S. for renters. The overall median rent across all property types in the metro area stands at $3,000.