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Showing posts with the label existing home sales

Florida’s Market Flip: Why Home Prices Are Cooling in South Florida While the North Heats Up

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  While much of the U.S. is seeing home prices climb again, South Florida is telling a different story — and that’s creating both opportunities and challenges for buyers and sellers right here in Pembroke Pines and Miramar . According to the ICE Home Price Index (September 2025) , cities across the Northeast and Midwest — like Syracuse, NY (+9.7%) and Bridgeport, CT (+7.6%) — are leading the nation in home price growth. Meanwhile, several Florida markets are trending in the opposite direction. In fact, Cape Coral (-9.2%) , Austin (-8.6%) , and Tampa (-4.8%) are among the top 10 metro areas with the sharpest price declines. Here in Broward County , the story is more nuanced. While South Florida remains one of the most desirable regions in the country, the market is clearly normalizing after years of record-breaking appreciation. Homeowners are starting to adjust their expectations, and buyers are finding a bit more breathing room especially compared to the frenzied pandemic year...

The Biggest Real Estate Forecasts for the Second Half of 2025

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Can you believe we’re already halfway through 2025? As we head into the second half of the year, a lot of buyers and sellers are asking the same thing: What’s next for the housing market? While no forecast is guaranteed, economists from Fannie Mae, Zillow, NAR, MBA, and others have released updated projections on everything from home prices and mortgage rates to sales activity and market recovery. In this post, I’ve rounded up the key takeaways from their mid-year outlooks—and added a breakdown of what they could mean for our local market here in SW Broward County . Home Price Forecasts Most housing economists agree: prices will rise, but not by much. And depending on where you live, they could even decline. Home price forecasts for 2025: Cotality: +4.3% from April 2025 to April 2026 Fannie Mae: +4.1% in 2025 Home Price Expectations Survey (HPES): +3.3% NAR: +3% in 2025, +4% in 2026 MBA: +1.3% in 2025, <1% in 2026 Zillow: -1.4%, an improvement from its earlier prediction of -...