Some buyers in Florida are gaining the advantage due to rising inventory and incentives from developers, while immigration issues are influencing the real estate market. Many property owners are selling quickly to benefit from rising prices, particularly those returning to Latin America. Many immigrants achieved homeownership through federal FHA loans with low down payments, but higher current mortgage rates affect affordability. In areas like Miami, incomes below $140,000 struggle with high prices and rates, prompting some to capitalize on their home equity.
"There are people leaving, calling me ... to put their house up for sale. 'I'm going back, I can't live here,' " Gisela Rojas, a broker with Caissa Realty Investment, told el Nuevo Herald.
"I'm seeing it up close; most of them are facing immigration uncertainty," said Rojas, who has a prominent social media presence and appears on Telemundo and Univision.
"They had already achieved the American dream without being residents, with a lot of effort."
Rojas points out that at a time when properties are staying on the market for 90 to 120 days, buyers can.
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