Riviera Beach, Florida, USA23 Property Listings
1021 W 33rd St, Riviera Beach FL 33404
Riviera Beach, Palm Beach County
321086ft²$309,000A11540025 • A-Miami Association of REALTORS
11 W St, Riviera Beach FL 33404
Riviera Beach, Palm Beach County
N/AN/AN/Aft²$55,000A11545533 • A-Miami Association of REALTORS
601 W 9th St, Riviera Beach FL 33404
Riviera Beach, Palm Beach County
N/AN/AN/Aft²$120,000A11524905 • 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.