Warm weather, looser business regulations and lack of a state income tax continue to draw new residents to Florida

But challenges abound — and not all of them have to do with property

The Fed’s ongoing inflation fight—which saw mortgage rates spike from 3% to 6% in 2022—has set off the second biggest home price correction of the post-WWII era.

At 6.09%, the 30-year, fixed-rate loan moved even closer to 5%. It’s down from last week’s 6.13% and almost a point lower than highs of 7.08% reached in Oct.

Miami-Dade continued to grow in 2023, according to drivers license exchange data.