Interest rates have doubled since last summer as Miami leads the nation with rents rising 31 percent YOY | Real Estate

2 city in the country when it came to the highest overall vacancy rate at 14.7% (the national average is 11.6%), according to the company's study. But the good news, according to Srado, is the market seems to be cooling due to inflation and higher interest rates, and he thinks that will eventually help to lower overall costs. In a separate WESH 2 News real estate story, the demand to get a mortgage and the demand to get a loan to buy a house is the lowest it has been in 22 years, according to experts.

Which Homes Can You Afford?

Get a list

How Much Is Your Home Worth?

Calculate Now

Continue to full article