Just Released: Analytics Miami 2025 Q4 Report & Forecast Themes of the week: Wealth Migration • 2025 Q4 Report & Forecast • New Interviews Wealth migration is the theme of the week, and will be the theme of the century. Global HNWI relocations reached record levels in 2025 and still increasing into 2026. Within the United States, a clear trend persists: high value tax payers are relocating and our feeder jurisdictions are predictably increasing their hostilities to capital. The net effects of California billionaire tax are obvious. Recall that Bezos moved to Miami when his home state proposed a wealth tax. He would have accounted for 45% of the theoretical revenue. Today I read that the Netherlands is likely to start taxing unrealized capital gains at 35%. One starts to wonder what these regimes may start doing to curtain inevitable exoduses. Wealth mobility is real. Miami's emergence as a destination for wealth is evident in the year-end and Q4 numbers.
Ana Bozovic Refutes Newsweek, yet again
Legacy media has dug its own grave.
Completely false headline again, accompanied by a very poorly written story.
The arrogance with which legacy media lies and creates poorly written, politically motivated hit pieces is breath taking.
And this is my second time refuting a Newsweek article.
I had previously debunked a Newsweek article in July, 2024 >
Download my full Q3 2024 Miami Real Estate Report
“Miami Homes Suffer ‘Monumental Collapse’ in Demand”
You can read this Newsweek masterpiece here >
Really?
They cherry pick an anomalous month in Nov 2021, and say that inventory has spiked since then.
As I have been saying for years, you need to look at the whole cycle. SFH active listings are down 55% versus 2014 (10 years ago) and are down 21% vs. 2019 (pre Covid).
Meanwhile, over those same 10 years, population has grown. Florida surpassed 23M people for the first time & Miami’s pop is growing at almost 1% a year.
Now back to demand, and its alleged collapse:
The only segment of the SFH market that has a drop in sales (now vs. pre Covid) is the sub $500K segment.
Why?
Because active listings sub $500K have dropped almost 90% since 2019.
$500K – $999K SFH: record sales volume in Q3 2024
Every segment past $1M has 2x+ sales volume vs. 2019.
And looking at $2K / square foot:
sales volume is up 875% and it is 77% all cash.
So come on … this is getting tedious and ridiculous.
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