Danielle DiMartino Booth
@DiMartinoBooth
CEO & Chief Strategist, QI Research LLC, Fmr Federal Reserve insider, Economist #FedUp#
Joined July 2015
462 Following 338.4K Followers
Bad hair days?
A mass homebuyer exodus is hitting Miami.
Transactions have fallen 47% from their pandemic peak.
From 3,600 in August 2021.
To only 1,900 in August 2026.
This represents the lowest sales activity Miami-Dade has seen since the end of the last housing crash.
In fact, sales today are about 25% below pre-pandemic norms.
The reason this is happening is because locals in Miami cannot afford the prices.
The typical mortgage payment in Miami-Dade, inclusive of taxes and insurance, is $5,000/month.
While the local median income is only $80,000.
The math simply doesn't make sense, and buyers are locked out as a result.
Zoom in to your ZIP to see sales and price data at
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