“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
With home buyers and sellers in an extended pricing stare down, very limited inventory, and dramatically rising construction and insurance costs, the South Florida residential real estate market faced serious headwinds entering 2024. But a sliver of good news has smoothed some choppy waters in January, with three straight weeks of falling mortgage rates inspiring buyers to dive back into the market. Is this a sustainable trend, or a momentary uptick doomed to capsize? We examine with great interest (pun intended) the impact of declining mortgage rates on the market in this edition of “South Florida by the numbers.”
