Freddie Mac

Pompano Beach, Fla. – – September 19, 2026 -- The Federal Reserve raised its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4.00%, its first increase since 2023, defying President Trump's calls for lower rates.

Fed policymakers unanimously approve rate hike, signal more to come

The move came in response to inflation that picked up again last month. Fed officials also hinted at an additional rate increase before year-end.

Baby boomers control 42% of home purchases and 55% of home sales

Buyers aged 61 to 79 now represent the largest single demographic in both buying and selling activity nationwide. Because many boomers hold large or full equity in their current homes, they frequently pay cash for new purchases.

Miami – September 19, 2026 -- Miami-Dade County has already logged 194 home sales of $10 million or more through August 2026, surpassing its entire 2025 total of 170 transactions by 14.1% with four months still remaining in the year.

At the current sales pace, the county is projected to close 2026 with roughly 291 ultra-luxury transactions, obliterating the prior record of 230 set in 2021 during the pandemic buying surge, according to data released by MIAMI REALTORS® + RWorld, the MIAMI MLS, and BeachesMLS.

South Florida Averages One $10 Million Home Sale Every Day

The region posted the most $20 million-plus condo sales in its history during 2025 and the second-highest total of $10 million-plus home sales ever recorded. South Florida single-family owners who bought 15 years ago hold over $500,000 in home equity, compared with $333,700 nationally as of Q2 2026.