Intel Plans Two Arizona Factories, Southeast Florida Homes Seen as Overvalued, New Home Sales Plummet

 

Low mortgage rates and higher demand from an influx of new residents have caused the average home in southeast Florida to be overvalued, leaving few good deals to be had, according to a joint study from two Florida universities.

A report by Florida Atlantic University and Florida International University found that single-family homes, town houses, condominiums and co-ops in Palm Beach, Broward and Miami-Dade counties are 11.52% higher than their long-term price trend.

https://product.costar.com/home/news/shared/383418100?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p8

 

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