Coral Gables seeing its market slow down
With high-interest rates, and overpriced homes, housing trends are leading toward a buyers' market in South Florida.
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With high-interest rates, and overpriced homes, housing trends are leading toward a buyers' market in South Florida.
The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Welcome aboard "Hospitality", a stylish and spacious American-made 164-foot yacht ready for the show at the Fort Lauderdale International Boat Show.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Realtors say the pandemic created a unique situation for the market
Baltimore family sues appraiser and mortgage lender after their home was allegedly undervalued because they are Black.
Ballots haven't even been printed yet, but already a group of landlords, apartment managers and real estate agents want to stop voters from deciding on a measure that would implement rent control for a year in the theme park hub that has been one of the fastest-growing metro areas in the U.S
"We are set up to expand when the market experiences challenging time," said said Michael Peltier with Citizens.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
If it costs more than $700,000 to replace your Broward home or $1 million for Miami-Dade, you can't get coverage.
Pointing to "almost incomprehensible growth," the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
Tampa and Miami topped other metro areas across the country in a new analysis of housing price increases.
Price of a previously occupied house hits new heights even as would-be buyers struggle with high prices and mortgage rates.
The latest figures showed that home prices surged over 20% since March of last year.
After nearly three years of Phoenix leading the nation in the most-rapid growth in housing prices, it has been topped by the Tampa area, an analysis released Tuesday showed.
The inventory of available houses has shrunk and that has made it difficult for buyers in South Florida.
With real estate inventory shrinking, prices have skyrocketed across South Florida
Known for its dramatic curving exoskeleton, 1000 Museum, located on 1000 Biscayne Boulevard in Downtown Miami, was designed by the late architect Zaha Hadid.
The study found the average rental price in the area that includes Miami and Fort Lauderdale is $2,832 but should be closer to $2,326.
New rules rolled out earlier this year by mortgage giants Fannie Mae and Freddie Mac are creating a bottleneck in the real estate market for those seeking to buy or sell condos or co-op apartments, according to agents and condo associations.
The Miami area saw a 28.1% year-over-year gain in home prices, while the Tampa metropolitan area had a 30.8% increase.
As if home prices weren't already out of reach, they continued to surge higher in January.
The U.S. real estate market was already tough for prospective buyers, who have faced double-digit price increases and cutthroat competition for listed properties. Now they are facing another challenge as rising mortgage rates add to the affordability squeeze.
Deputies are investigating how a man and woman wound up shot to death in Southwest Miami-Dade on Saturday afternoon.
Zach LaVine scored a season-high 42 points, including eight 3-pointers, as the Sacramento Kings beat the Miami Heat 127-111.
The 2026 FIFA Men's World Cup schedule was released Saturday, which included the slate of matches coming to Hard Rock Stadium.
Two men were shot and are in stable condition after a shooting happened in Northwest Miami-Dade on Friday night, deputies said.
"We're reviewing the process, and we'll see," Defense Secretary Pete Hegseth said. "Whatever we were to decide to release, we'd have to be very responsible about reviewing that right now."
Deputies are investigating how a man and woman wound up shot to death in Southwest Miami-Dade on Saturday afternoon.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
Zach LaVine scored a season-high 42 points, including eight 3-pointers, as the Sacramento Kings beat the Miami Heat 127-111.
Miami Art Week 2025 delivers a full slate of installations, exhibitions and events across Miami, Miami Beach, Wynwood and beyond.
The 2026 FIFA Men's World Cup schedule was released Saturday, which included the slate of matches coming to Hard Rock Stadium.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
"We're reviewing the process, and we'll see," Defense Secretary Pete Hegseth said. "Whatever we were to decide to release, we'd have to be very responsible about reviewing that right now."
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
Florida's Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling off the state's coast.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Jim DeFede investigates the millions of dollars in state funding cuts for meal programs across South Florida.
Jim DeFede interviews Florida Lt. Governor Jay Collins, who is mulling a run for governor in 2026.
Jim DeFede talks with Randi Weingarten about the warning bell she rings in her new book, "Why Fascists Fear Teachers."
Jim DeFede talks with Bryan Calvo, the newly elected mayor of Hialeah.
Jim DeFede interviews Orange County Mayor Jerry Demings, who just announced he's running for governor in 2026.
Experts say the original warnings from more than 20 years ago were based on outdated information and were "overly broad."
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Louisiana Surgeon General Ralph Abraham, a critic of government vaccine mandates, has been quietly appointed to one of the CDC's top positions.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
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Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
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Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Eleven exclusive 2026 Golden Globes categories will be revealed Monday at 8:30 a.m. ET, only on "CBS Mornings."