Insights on Miami Real Estate Trends: A Discussion with Eli Beracha Professor of Real Estate

*Insights on Miami Real Estate Trends: A Discussion with Eli Beracha Professor of Real Estate*
In this video, we are joined once again by Professor Eli Beracha from Florida International University to talk about current Miami real estate market trends.
Professor Eli Beracha is an expert on the real estate economy and he ranked #3 in the world (by the Journal of Real Estate Literature) for his real estate academic research productivity.
Dive deep into the heart of Miami's real estate market with our latest podcast episode as we unravel the complexities and opportunities that 2024 holds. From the bustling streets of Brickell to the luxurious waterfront homes, join us as we dissect residential and commercial real estate trends, investment strategies, and the psychology influencing the elections and market dynamics.
Chapters ⬇️
00:00 - Introduction to Miami’s 2024 Real Estate Forecast
02:44 - What to Expect in 2024?
06:54 - Anticipated Softening in Commercial Real Estate Markets
08:50 - Inventory Absorption in Miami: Facilitated by Rapid Growth
11:15 - Brickell Condo Market Insights
14:34 - Anticipating Shifts in Miami’s Real Estate Paradox
20:43 - The Psychology of Elections and Its Impact
22:40 - Debunking Misconceptions About Market Crashes
24:55: Dry Powder in the Market: What You Need to Know
26:20 - Deciphering Market Crash Psychology: Stagnant Movements and Sales Volume Trends
34:02 - The Rental Market
38:00 - Sales Volume Trends in $3M-$5M
40:48 - Sales Volume Trends in $5M-$10M
46:15 - Price Reductions are Happening, but Seller Remain Unrealistic
50:06 - Be cautious with overpriced homes especially in early development stages
53:05 - Eli's Final Tips for Buyers and Sellers
Whether you’re an investor, a real estate professional, or simply intrigued by the dynamics of Miami's market, this episode is packed with insights and analysis designed to inform and inspire. We'll explore the factors driving the market, from pricing trends to the impact of upcoming elections, and dive into the specifics of luxury sales and market softening signs.
Read the blog here: luxlifemiamiblog.com/2024-mar...
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[@don_kandon6006]

Florida sale inventory soaring, 57% year over year. Its now back to pre-pandemic levels. People in florida reporting a lot of for sale signs. One delivery guy even pointed out a lot of people selling rvs, boats, cars. Mostly mid florida (tampa, orlando etc). But i understand David, he is in a different sphere- the luxury market, so possibly different ball game.

[@amypalmamiami]

Great convo and info. Thank you.

[@don_kandon6006]

Good info as usual, been following your content for few years, but two negatives. 1. Get lapel microphones, wireless ones have 4-6 hour battery life and have good audio quality. 2. You probably spoke for 80% of podcast. Should involve the speaker more, plus you do cut off him a few times. Just let them talk... they are the guests, the stars of the show.

[@jameswalker366]

What are the payment plans like for new builds in Miami? Would be interested to understand how they affect the dynamics of the market.

[@Pepito27554]

It would be even more interesting if the guest could speak, as otherwise we miss all the value of having a professor

[@nickthequick]

Condos are probably moving slower because word is out about increased reserve requirements and HOA fees PS: Shame about the audio quality of the guest PPS: Leaving Paris and moving to Coral Gables tomorrow, finally ...

[@SkySEODigital]

Please don’t move here! Too many people! 😂