Why the Miami Market is Thriving in 2023
Top of Mind
Is the Market Normalizing?
Since the first of the year, we're seeing something very similar. Inventory is falling, buyer demand is picking up. It's surprising that folks are buying in spite of the higher, the new interest rates. So if historically we're appreciating at 8% and interest rates are at 6, you better buy now.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Ines Hegedus-Garcia, the current Chair of the Miami Association of Realtors, to talk about the dynamics behind Miami’s thriving real estate market. Ines shares her perspectives on why the Miami market has stayed strong through recent economic turmoil, looks at the opportunities and risks for the market, and discusses industry insights from her leadership roles in Miami’s 60,000+ member real estate association. She also gives us her take on the region’s distinctive architecture and what design and technology trends to watch.
About Ines Hegedus-Garcia
Ines Hegedus-Garcia is a REALTOR from Miami and Executive Vice President at Avanti Way Realty. Ines is at the forefront of the property technology industry due to her industry leadership and hands-on approach to technology adoption.
She is the current Chairman of the Miami Association of Realtors and was the 2019 residential president. She is also a Director of Florida REALTORS, as well as a Director of the National Association of REALTORS. She chaired the 2020 Emerging Technology Committee and 2022 Communications Committee at Florida Realtors and is The Vice Chair of The Board Leadership Forum. Ines is also the chair of NAR’s Federal Technology Committee and sits on the board of directors of Second Century Ventures.
The National Association of REALTORS identified her as a leader in forward thinking real estate ideas. Today she is invited to participate in conferences around the world to educate others about the power of new media and Ines’ participation in leadership, as well as the early adoption of social networks have earned her recognition and respect among her colleagues and clients.
An architect by training with a passion for out-of-the box thinking, she’s also a Miami architecture + historic properties expert, and her Miami architecture and history articles are read by thousands each month on Miamism.com.
Here’s a glimpse of what you’ll learn:
- Why Miami real estate is still thriving, and why this year’s market changes have been positive for buyers and sellers in South Florida
- Insights into the international political and financial dynamics that drive Miami real estate
- Opportunities and risk around the booming construction market, including some surprising new approaches to meeting rental demand
- Which exciting architects in Miami to pay attention to, which buildings in Miami are her favorites, and why
- Which technology and policy changes to note for Miami’s climate change risks
- Her perspectives on running one of the largest realtor associations in the country, with over 60,000 members
- How she uses market reports on the popular Miamism blog to engage readers.
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
Resources mentioned in this episode:- Ines Hegedus-Garcia on LinkedIn
- Ines Hegedus-Garcia on Instagram
- Miamism
- Avanti Way Realty
- Mike Simonsen on LinkedIn
- Altos Research
https://twitter.com/altosresearch
https://twitter.com/mikesimonsen
See you next week!
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