According to Fannie Mae, the Federal National Mortgage Association, the median price of a home in the US is expected to increase by 7.9% between the fourth quarter of 2021 and that of 2022. Real Estate prices should continue to increase next year as well.
As a realtor who has been actively involved in Miami’s hot pandemic housing market I can tell you that the demand for homes here in South Florida is still huge. In fact, two of my recent listings received offers sight-unseen and there were bidding wars for each of them, with one receiving a whopping 17 offers!
Ships from Royal Caribbean and MSC have been cleared to sail from PortMiami, and Celebrity will set sail from Port Everglades this month! This will bring tourists to South Florida, spurring the economy by staying in hotels, renting cars, going out to eat, shopping, and by bringing cruise ship workers back to town.