Miami Rental Market Forecast for 2022?

[Brian Lloyd]

Any speculation as to the the RE prices and rental market in Miami for 2022. I've been hearing that the purchase prices are high right now, July 2021. The expectation is that with forbearance ending and mortgage rates rising, that prices are due to drop substantially in 2022. However, I've also been hearing that it may become a landlord's market and you might want to grab some quality properties now.

Anyone care to add some sage speculation? Appreciated, Brian 

[Malgorzata Sadowska]

Rental market has been keeping pace with sales - up tremendously - 10-20% depending on what & where. Bidding wars (especially on SFR rentals) because many landlords are selling and the ones, who buy, are charging higher rents. If anything indeed changes, it usually takes 6-9 months for the prices to reflect.