Richard Medina

Here's a headline worth paying attention to: banks repossessed 42% more homes as borrowers fell behind on their payments. And Florida sits right in the middle of it — the third-highest foreclosure rate in the country this August, with one filing for every 2,397 housing units, and more foreclosure starts (3,189) than any other state (per ATTOM and the New York Post, Oct 5, 2026). Let's be clear about what this is — and what it isn't. This is not 2008. Lending standards have been far stricter...

Miami Luxury Isn't Slowing Down: Inside October's Haute 20 Rankings While much of the market watches mortgage rates, Miami's luxury segment is writing its own story. The October Haute 20 rankings are out, and The Residences at Mandarin Oriental, Miami just held the number one spot for the second month in a row — 326 residences on Brickell Key starting at $4.275 million, with delivery estimated for 2030 (per Haute Residence). Right behind the headlines, Villa Miami climbed five spots to fourth...

The number every buyer is talking about this week: 7.28%. That's Freddie Mac's weekly average for the week ending October 1 — up a quarter of a point and sitting at the top of its 52-week range (per The Mortgage Reports). Rates dipped after a weak jobs report, but they're holding near 7.5%, and because lenders reprice with a lag, Friday's bond rally may not even show up in your quotes yet. So what does 7.28% actually mean for a South Florida buyer? On a $450,000 loan, the difference between...