Landlords in Miami can make roughly 77% more by renting out a one-bedroom unit as long-term rental property rather than a short-term.

The study found that landlords can make nearly 36% more renting a two-bedroom long term than short term.

The big picture: Long-term rentals are more favorable in cities with high long-term rent prices such as New York, Miami and Los Angeles — regardless of bedroom count.

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The residential sales market keeps slowing down. The number of pending sales, which is the number of units that are currently in contract, stands at 2,760. This value is 12% lower than a month ago and 27% lower than a year ago; it has been decreasing for 19 weeks already.

Even though the 3rd quarter 2022 closed transactions were a healthy 3,692 (or 44% above the 2019 level), with median sales price and average sales price increasing +3.6% and +4.3% respectively, it is clear that the situation has, in the recent months, turned from a market that favored the seller to a more balanced market which is heading into a buyers’ ...