Other Country - Not In USA, undefined, USA2 Property Listings
264 CALLE CANOVANAS, San Juan, PR, Other Country - Not In USA PR 00912
Other Country - Not In USA, Other Florida County
531512ft²$309,000A11671560 • A-Miami Association of REALTORS
Carr 2 Espinosa Dorado, Puerto Rico, PR, Other Country - Not In USA PR 00646
Other Country - Not In USA, Other Florida County
531350ft²$215,000A11670917 • A-Miami Association of REALTORS
Market Analysis
2024-2025 South East Florida Housing Outlook: Key Insights
As inflation eases and the economy slows, the Federal Reserve is expected to cut rates by 2025, setting the stage for a housing sales recovery and price growth in Southeast Florida. Mortgage rates are projected to decline to 6.6% by late 2024 and 5.7% by 2025, which will boost affordability. While home sales may decrease in 2024, they are expected to rebound by 2025, driven by demand for single-family homes, with over 1,000 renters potentially becoming homeowners. Single-family home prices are forecasted to rise by 7% annually, with nearly 10% growth in 2025. Meanwhile, Southeast Florida's economy will see employment growth of 2.4% in 2025, adding 80,000 jobs, while business tax cuts and global investment will further fuel regional growth. Overall, the region’s housing market will benefit from lower rates, improved affordability, and a robust local economy.