South Florida home sales 'defy gravity' as cash remains king
Tuesday, May 28, 2024
πππππ ππππππΏπΌ’π πππππππ ππΌππππ π½ππΎπππΏ πππ ππΌπππππΌπ πππππΏ ππ πΌππππ, πππ πΏπΌππΌ πππππΌππ. While sales of existing homes fell nationwide last month compared to March, they picked up in South Florida even as more homes and condos were for sale..."Strong job growth, elevated migration, and more cash buyers are mitigating the blow of higher mortgage rates...” (Article link below.) http://www.wlrn.org/business/2024-05-24/housing-market-south-florida-real-estate-sales-condos-prices