South Florida home prices and rents are already expensive. And they could soon get worse.

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According to LittleBigHomes.com, the Miami real estate market forecast for the 12 months ending with the 3rd Quarter of 2019 is positive.Their accuracy of the Miami real estate market trend prediction is 86%. Accordingly, they estimate that the probability for rising home prices in Miami, FL is 86% during this period.

Cape Coral, Fort Myers rent rate increase tops nation Is Lee County’s rising rent rate good news for investors in single-family homes, or a bad deal for everyone? Check out this story on news.

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Be the first to know. So far in 2016, South Florida home prices have grown at an average rate of 6.6 percent, compared to 7.9 percent in 2015 and 12.1 percent in 2014. A strong dollar is slowing the foreign investment that brought the local housing market back from the dead after the recession.

It is unlikely for most millennials to buy their first home in South Florida due to the outrageous prices. The real estate market is the 6th most expensive in the country alongside Chicago with a median of about $1,880 rent for a one-bedroom apartment.

A new study from RentCafe.com is great news for south florida landlords, but pretty painful for renters. The region dominates the list of most expensive ZIP codes in the state for average prices.

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"Blomquist said this flatness in the home-purchase market will likely continue until home prices cool off, or come down. ‘It has been such a strong sellers’ market, but this spring and summer may have been a bit of a wake-up call for sellers that they can’t get whatever they want for homes,’ Blomquist said."

“The worse the traffic gets, the more people will get frustrated. for all but the most expensive luxury housing. The average price of new residential construction in Brickell stands around $650 per.

Anything could be hers. The possibilities – and the prices – were dizzying. the proliferation of rent-to-own stores such as Buddy’s Home Furnishings, which has been opening a new store every week,