South Florida Real Estate Update – August 12, 2025

by William Gartin

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South Florida Real Estate Update – August 12, 2025

The South Florida housing market is buzzing with fresh developments, shifting mortgage rates, and important updates that matter to buyers, sellers, investors, and homeowners. Here’s your complete, easy-to-understand breakdown of what’s happening right now in Miami-Dade and Broward.


Mortgage Rates & Credit Conditions

Mortgage rates have eased slightly, creating a small but meaningful boost in affordability. The 30-year fixed mortgage rate is currently averaging 6.58%, one of the lowest levels in recent months. This is especially important for buyers—locking in now could secure a better monthly payment before rates change again.

On the lending side, the Mortgage Bankers Association’s Mortgage Credit Availability Index rose 0.2% in July to 103.9, indicating that banks and lenders have loosened their lending criteria slightly. Jumbo loans saw a 0.9% increase in availability, and adjustable-rate mortgage (ARM) products also became more accessible.

Why it matters:

  • Buyers may qualify for more home with the same monthly payment.

  • Jumbo loan borrowers now have more financing options.

  • ARM flexibility could benefit those planning to sell or refinance in a few years.

Sources: Mortgage Bankers Association (MBA), Mortgage News Daily, AP News


Inflation & Fed Outlook

The July Consumer Price Index (CPI) slowed to 2.7% year-over-year, down from previous months. This cooling inflation trend has increased the likelihood that the Federal Reserve will cut interest rates next month—a move that typically supports lower mortgage rates in the months that follow.

Sources: AP News, Florida Realtors


Local Development & Investment Trends

South Florida continues to attract investors and developers:

  • Shoma Group has filed plans for Ponce 8, a Live Local Act residential high-rise in Coral Gables, showing that developers are leveraging new laws to meet housing demand.

  • PJCArchitecture, a respected New York-based design firm specializing in high-end residential and mixed-use projects, has opened a Miami office to cater to the region’s booming luxury and renovation markets.

  • A 5-tenant retail property at 6815 Biscayne Boulevard sold for $4.6 million after a roof and exterior renovation—proof that updated, stabilized commercial properties are still in high demand.

Sources: The Business Journals, South Florida Agent Magazine, Shopping Center Business


Transportation & Commute Impact

Brightline, South Florida’s high-speed passenger rail, saw its bond rating downgraded to BB- by S&P. Despite this, fares for short-haul South Florida routes are down 16% year-over-year, making it more affordable to commute between Miami, Fort Lauderdale, and West Palm Beach. Long-haul service to Orlando remains the company’s top focus.

Lower fares could expand the range of viable home-buying locations for commuters, opening up more suburban and outer market options for buyers seeking affordability.

Sources: WLRN, S&P Global


Insurance & Policy Changes

Florida property insurers just recorded their most profitable year since 2015, even after multiple hurricanes last year. This is a strong sign that insurance premiums may stabilize over time, although they remain high compared to national averages.

Meanwhile, a watchdog report on the Live Local Act—designed to increase affordable housing—found that the program still doesn’t fully serve the “missing middle” (households earning 80–120% of area median income). Some counties opted out of the 75% property tax break, and there’s no mandate to pass savings to tenants.

Sources: Florida Trend, Florida Politics


Home & Garden: Hurricane Prep Reminder

With Tropical Storm Erin on watch, now is the time to prepare your property:

  • Secure or store outdoor furniture and decor.

  • Inspect your roof and soffits for loose areas.

  • Trim trees and branches near your home.

  • Test sump pumps and check window/door protections.

  • Restock hurricane kits with water, non-perishables, batteries, medications, and waterproof storage for important documents.

Even if the storm changes course, being ready protects your investment and reduces risk.

Sources: Investopedia, Yahoo News


The Bottom Line for South Florida

Between lower mortgage rates, modestly easier credit, ongoing development, and encouraging signs in the insurance market, this is a moment of opportunity for buyers and sellers.

  • Buyers should get pre-approved now while rates are favorable.

  • Sellers can benefit from strong buyer interest if they price strategically.

  • Homeowners should use this week to update storm prep and evaluate refinancing options.


πŸ’¬ Want to know exactly what these changes mean for you?
I can help you:

  • See how much more home you can afford today.

  • Get a free home value evaluation for your property.

  • Find exclusive Miami & Broward listings updated daily.

πŸ“ž Call/Text: 305-842-6097
🌐 Website: williamgartinrealestate.com

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