'This trend does concern me': South Florida housing prices grow despite slowing rents, study finds

  • by:
  • 04/30/2024
BOCA RATON, Fla. — A study released Monday by two South Florida universities found that housing premiums in the Miami metropolitan area increased again despite rising interest rates.

Researchers at Florida Atlantic University and Florida International University called the findings "a potential worrying sign for the housing market."

According to March data from the Top 100 U.S. housing markets, the study said a typical home in South Florida is 34.7% overvalued compared to its long-term pricing trend. This figure is up 15 points from the month before.
aerial photography of rural by Breno Assis is licensed under Unsplash unsplash.com

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