Miami Real Estate News
Miami
47.9 Million Americans Will Travel This July 4th Weekend
This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.
7.8 Million U.S. Homes at Risk of Hurricane Destruction in 2022
According to CoreLogic's recently released 2022 Hurricane Report, nearly 7.8 million U.S. homes with more than $2.3 trillion in combined reconstruction cost value (RCV) are at risk of hurricane-related damages.
Fast Rising Mortgage Rates Now Impacting Miami Home, Condo Sales
The Miami Association of Realtors is reporting this week that Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever.
National U.S. Office Rents Slip Annually in May
According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.
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