2023 Intrastate migration numbers are in, just released at census.gov. Rather unsurprisingly, the post Covid trend continues. TX & Florida are once again #1 & #2 when it comes to net intrastate migration gains.  * Blue states, that tended to be high lock-down & are high-tax, keep losing population. (This is an observation, I am a registered independent). The top five population losers were all blue states.The two winners (TX & FL) have no state income tax. The two biggest two losers (CA & NY) have among the highest levels. I do not report on this with any personal joy, I grew up in NYC. It is what it is.

I released my official Q3 2024 Miami Dade report last week. All of the Miami and South Florida numbers were fresh in mind. I happened to come across an article in Business Insider that made the bold statement: "Home-listing prices are down as much as 12% in boomtowns in Florida, Texas, and other popular states" The article then lists Miami as #1, with a 12% drop in list prices. This is absolutely not true. Not even close. This is honestly mind-blowing.  I caught this because I am an expert in this field. And in all honestly, this makes me seriously wonder what else is completely false.

Officially live: Ana Bozovic's Q3 2024 Miami Dade Real Estate report! Segments catering to the wealth and talent migration continue to outperform pre Covid realities by a wide margin, with some segments at all time highs. Ex: SFH past $1K /sq ft transacted at record levels Q1-Q3 of 2024. And most market segments above $500K saw YOY sales volume growth (all SFH segments and some condo).  Actionable value is found when drilling down, but the macro drives the micro. We need to understand the basis of the market and the fundamental trends driving what we see in the numbers. Starting there, we can then drill down further in order to make predictions on specific sectors.

Q3 2024 has just closed out! The data continues to trickle in. I will have my full Q3 report ready for you next week. Today I would like to share a preview of some of the initial findings. Spoiler alert: the #LongMiami and South Florida thesis keeps playing out. Segments successfully catering to the wealth & talent migration: -> New product in prime location. -> Throw in in inherent scarcity, and you get the phenomenon that is our high-end SFH market.