Business News Miami’s ultra-luxury housing market booms as cash transactions dominate

"Miami tops the U.S. market for cash buyers, as per the association. About 82% of Miami condo sales valued at $1 million or more were all-cash transactions in 2025...a key reason its luxury segment has remained resilient, reducing its sensitivity to elevated financing costs...The firm also pointed to continued demand from buyers relocating from higher-cost and higher-tax U.S. states as a factor supporting Miami housing values." (Article link below.)
https://www.cnbc.com/2026/09/24/miami-luxury-housing-boom-bugatti-bubble.html