Tom Hudson

Miami

Senior Economics Editor and Special Correspondent at WLRN-FM (Miami, FL)

Journalist, financial broadcaster, syndicated columnist, news manager. Paddling through the river of information in search of meaning.

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Articles

Challenges ahead after a record-breaking year for Miami-Dade tourism

4 days ago | kbindependent.org | Tom Hudson

Last year was another record year for tourism in Miami-Dade County. Over 28 millionpeople visited the county in 2024. That represents one in five tourists to Florida who spent some of their trip in Miami-Dade. The Greater Miami Convention and Visitors Bureau announced its annual data on Thursday. Tourists from other states increased 2%. The county hosted 4% more international tourists compared to a year earlier. Colombia was the top origin for foreign tourists to Miami-Dade County.
Challenges ahead after a record-breaking year for Miami-Dade tourism

6 days ago | wusf.org | Tom Hudson

Last year was another record year for tourism in Miami-Dade County. Over 28 million people visited the county in 2024. That represents one in five tourists to Florida who spent some of their trip in Miami-Dade. The Greater Miami Convention and Visitors Bureau announced its annual data Thursday. Tourists from other states increased 2%. The county hosted 4% more international tourists compared to a year earlier. Colombia was the top origin for foreign tourists to Miami-Dade County.
Challenges ahead after a record-breaking year for Miami-Dade tourism

1 week ago | wlrn.org | Tom Hudson

Last year was another record year for tourism in Miami-Dade County. Over 28 million people visited the county in 2024. That represents one in five tourists to Florida who spent some of their trip in Miami-Dade. The Greater Miami Convention and Visitors Bureau announced its annual data Thursday. Tourists from other states increased 2%. The county hosted 4% more international tourists compared to a year earlier. Colombia was the top origin for foreign tourists to Miami-Dade County.
Can South Florida's commercial real estate market moderate without breaking?

1 week ago | wlrn.org | Tom Hudson

South Florida has weathered a storm that has wreaked havoc in San Francisco, Chicago and New York. The value of some office buildings in those central business districts has plummeted in recent years as companies made hybrid work permanent, vacancies increased and higher interest rates made refinancing mortgages more expensive. But Miami, Fort Lauderdale and West Palm Beach have not experienced those same challenges.
'Real pain' in the South Florida condo market while home prices hold steady

1 week ago | wlrn.org | Tom Hudson

Condo sales fell sharply across South Florida in April even as median prices held steady thanks to newer and more expensive units. The number of existing single family homes that sold last month also fell from the pace a year ago, according to monthly data from the Miami Association of Realtors. However, home prices increases have outpaced more volatility in condo prices.
A mortgage in Miami is more expensive than any other place

2 weeks ago | communitynewspapers.com | Tom Hudson

South Florida home and condo buyers who borrow money are charged some of the highest mortgage rates in the country. The median mortgage rate was just a hair below 7% last year, according to a research from real estate and construction data firm Construction Coverage. “It’s no surprise to me to see us at the higher interest rate bracket,” said Orlando Diaz, president of Florida Association of Mortgage Professionals. The analysis examined conventional mortgages approved last year to purchase homes.
A mortgage in Miami is more expensive than any other place

2 weeks ago | wlrn.org | Tom Hudson

South Florida home and condo buyers who borrow money are charged some of the highest mortgage rates in the country. The median mortgage rate was just a hair below 7% last year, according to a research from real estate and construction data firm Construction Coverage. “It's no surprise to me to see us at the higher interest rate bracket,” said Orlando Diaz, president of Florida Association of Mortgage Professionals. The analysis examined conventional mortgages approved last year to purchase homes.
April inflation shows cooling trends compared to a year earlier

3 weeks ago | wlrn.org | Tom Hudson

Regional inflation cooled off in April compared to February. New data released on Tuesday finds consumer prices rose 2.2% last month versus a year earlier. The smaller price increases came just as tariffs were announced. April’s inflation figures don’t reflect the import taxes imposed with President Trump’s so-called Liberation Day. Many of those tariffs have been reduced and delayed. Cheaper gasoline has really fueled the slowdown in inflation in South Florida along with housing costs stabilizing.
South Miami mayor worries working with ICE could lead to financial liability

3 weeks ago | wlrn.org | Tom Hudson

Getting your Trinity Audio player ready... The mayor of the only Florida city to challenge Gov. Ron DeSantis’ insistence that local police sign an agreement with federal authorities worries such cooperation could put his city in financial jeopardy. “I’m on the hook for the liability,” said South Miami Mayor Javier Fernandez. He explained that he's "buying exposure” if he is forced to have his police sign onto the Immigration and Customs Enforcement agency’s 287(g) program.
How can a product be imported tariff-free to Miami without entering the U.S.? Welcome to the FTZ

1 month ago | wlrn.org | Tom Hudson

Among the warehouses that bump up against the Everglades, west of the Florida Turnpike in Miami-Dade County, is a door. And on that door is a sign. On that sign, between two Department of Homeland Security logos in red capital letters, is the word “warning.”Walk through this door and a visitor is leaving the United States — as far as international trade is concerned.