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.

The Federal Reserve just cut rates by 25 basis points, with Powell signaling that two more rate cuts are possible by the end of the year. What does this mean for Miami real estate? The net effect of this will be an increase of monetary flow into the market. Meaning: more money and participants will enter the Miami market. Watch Ana Bozovic's Fox News segments where she touches upon the future of Miami real estate and what is driving the flow of money to the region.

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.

Recent events are very much in corroboration of internal disorder predictions I have been making for a few years. I have used a certain Venn diagram in every speaking even I have had since Covid 19. It is a powerful illustration of the three baseline forces feeding the momentum cycles we see around us now. And these momentum cycles are shaping our markets. (most notably the polarization of wealth & belief systems, both of which are fueling domestic intrastate migration). I have had full confidence getting behind a #LongMiami thesis because it was clear to me that we are in a period of rapid change. Three forces, throughout history, have ushered in periods of rapid change. They are: - Transformative tech adoption. - Wars - natural empire cycles