January 22, 2024 - Rava Realty

Miami’s Unemployment Rate Remains At Record Low 1.4%

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The Miami area continues to experience a record-low unemployment rate, with the latest Bureau of Labor Statistics (BLS) report indicating that in November, the unemployment rate in the Miami-Miami Beach-Kendall metropolitan division stood at 1.4 percent. This marks one of the lowest rates among major metropolitan areas in the United States.

Additionally, Miami-Miami Beach-Kendall saw the fastest year-over-year increase in employment among major metropolitan divisions, with a 3.9 percent growth in employment in November compared to the same period the previous year. These ...

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The Manhattan Market Pulse: January 2024

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What’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of December is down 4.9% compared to a year ago and also down 18% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.16M, and it’s 3.2% up compared to a year ago.

The supply, the number of units on the market, is down 2.9% compared to the same period of January ...

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10 NYC Neighborhoods to Watch in 2024

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StreetEasy’s ranking of NYC neighborhoods to watch in 2024 suggests that Queens was the top destination in 2023 among renters and buyers seeking affordability. The borough’s popularity was driven by a recent surge in developments.

However, StreetEasy predicts that Manhattan will start to regain popularity among renters in 2024 as rental prices in the borough begin to drop. Trendy sub-neighborhoods within popular areas like SoHo and the Upper East Side are expected to lead the way in Manhattan. This forecast reflects potential shifts in demand ...

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