South Florida Real Estate Daily – Aug 11, 2025

1) Mortgage rates today: still near recent lows

• 30-yr fixed (national average): 6.58% today (Mon).
  15-yr fixed: 5.93%. Rates ticked up a hair vs. Friday but remain lower than a week ago. Mortgage News Daily+1

• Quick read: Rates eased last week after markets digested softer data; today they’re steady to slightly higher ahead of mid-week inflation data. Translation: affordability is a touch better than early August, and lock/float decisions hinge on this week’s CPI. Mortgage News Daily

Why it matters (for your clients): Even a ~0.25% swing can change monthly payments and qualifying power; today’s levels keep buying power improved vs. early summer. Mortgage News Daily

2) Miami zoning shift could reshape where high-rises go

• The City of Miami advanced/updated a transit-oriented zoning program that incentivizes taller, denser buildings within up to 1 mile of existing/planned rail. Fresh coverage today and over the weekend highlights what the new rules mean and the top takeaways for neighborhoods. Miami Herald+1

Why it matters: Expect more proposals near Metrorail/Brightline corridors. That can add supply, lift land values near stations, and change parking/traffic patterns. For homeowners nearby, watch for redevelopment interest and potential noise/height trade-offs. Miami Herald

3) New residential projects moving right now

• Wynwood (Miami): 11-story, 310-unit apartment project secured a $65.3M construction loan; breaking ground. This signals lenders still back well-located infill multifamily. The Business Journals

• North Miami area / Biscayne Blvd: RAM Realty proposed 417 apartments, eight stories with ~630 parking spaces. Large pipeline = more rentals coming to the urban core. The Business Journals

• Fort Lauderdale (Broward): Proposed $48.6–$49M affordable redevelopment: replace 88 aging units with 164 new apartments across two 5-story buildings. Big deal for central Broward affordability. The Business Journals

Why it matters: More rentals can ease pressure on for-sale prices, give buyers bridge options while rates settle, and change comps around these submarkets. The Business Journals+2The Business Journals+2

4) Sellers are delisting instead of cutting price

• Today’s local report: More South Florida owners are pulling listings rather than accepting price cuts; days on market are growing. This is a key signal of seller psychology and pricing stickiness. The Business Journals

Why it matters: Buyers get more leverage on stale listings; sellers who price to today’s comps (not 2022 peaks) can still win—especially with strong presentation and concessions. The Business Journals

5) Luxury pulse check

• Fisher Island condo closed for $23.69M (~$3,474/sf)—more than tripling since 2020. Even with slower volume, A-plus trophy assets keep clearing at premium pricing. The Business Journals

Why it matters: The top of market remains selectively resilient; trickle-down to broader price tiers is limited, but it anchors comps in prime coastal pockets. The Business Journals

6) Hurricane season: outlook adjusted; prep tips (cheap + effective)

• NOAA’s August update (today): Slightly lowered the storm count, but still above-average season as we enter peak months. Florida Realtors

• Simple prep you can do this week (fresh piece today):
  Walk the yard for wind hazards; bring in patio furniture, trim limbs, and clear drains. These are low-cost moves that prevent common claims. Yahoo

Why it matters: A few $0–$100 tasks (trimming, securing outdoor items, cleaning gutters) can reduce damage and insurance headaches—and help listings show better after storms. Yahoo

Quick stats snapshot (today)

• Rates: 30-yr 6.58%, 15-yr 5.93% (MND daily index). Mortgage News Daily

• New multifamily: 310 units (Wynwood), 417 units (Biscayne Blvd area), 164 units (Fort Lauderdale affordable). The Business Journals+2The Business Journals+2

• Seller behavior: Delistings rising across South Florida; DOM increasing. The Business Journals

• Storms: NOAA still calls 2025 above average; trimmed storm ranges in August update. Florida Realtors