South Florida Home Prices Climb 1.7% in May Despite Interest Rate Hikes
Despite rising interest rates and fears of a coming recession, South Florida's housing market remained resilient in May. The number of single-fami...
Despite rising interest rates and fears of a coming recession, South Florida's housing market remained resilient in May. The number of single-family and condominium sales dropped overall, compared with the previous month, but prices grew by at least 1.7 percent for property types across Miami-Dade, Palm Beach and Broward counties, according to the latest report by Miami Association of Realtors. The only exception was in Palm Beach County, where the number of single-family home sales increased alongside the median price.