Themes of the week: UBS “Bubble” Report • Rock The Market Highlights • Special Invitations. Thank you to the South Florida Business Journal for quoting me on this topic. The UBS "Bubble" report is a travesty and they should be embarrassed. This report a sensationalist misuse of a global platform, and its misleading headline is being echoed by press worldwide. * An invitation: Join me, I am speaking at the Real Deal Conference. 📍 Mana Wynwood | November 5 & 6 I am speaking on Nov 6 in a first-ever, special debate style panel with Daniel Kodsi. https://events.therealdeal.com/event/how-to-survive-the-squeeze * An invitation: Join me for my super fight at Main Character Jiu Jitsu 📍 La Scala De Miami Brickell | October 19 Tickets here, please select me at checkout: https://nitrotickets.com/event/1064/MCJJ-1HALLOWEEN-1HAVOC-1--11019
Miami Real Estate: The Truth Behind Inventory Levels
Download my full Q2 2024 Miami Real Estate Report
This video is my general reply to all the fear-mongering click-bait out there that somehow uses Miami pictures, then quotes data from other cities in Florida.
One guy in particular, who shall go unnamed, is talking about "extreme spikes in Miami inventory" while using maps of aggregate data pertaining to listing prices - and none of it is specific to Miami.
So this report and video are very specific to the city of Miami. All data is MLS data.
Inventory is through July 2024.
All cash % are for the first half of 2024.
City of Miami SFH inventory, end of July 2024: 31% below July 2019, pre Covid
City of Miami condo inventory:
35% below pre covid.
So while the condo market has seen a recent uptick in inventory, none of this is bad when we consider the precipitous drops and spikes in median pricing that preceded all of this.
And let's not forget all cash percentages.
This is an objective analysis.
No segmentation here, just the general market.
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