The upcoming small Federal Reserve rate cut is not expected to move the needle with South Florida homebuyers, who are much more concerned about their job security and continued economic pressures. These would-be buyers are more likely to keep renting, with Douglas Enclave established as the best new rental option in the Miami market. 

Approximately 44% of Americans are scrapping plans to “make major purchases – such as buying a home – due to fears of losing their job,” according to Redfin data, as cited by ProBuilder. Redfin’s analysis describes the current national unemployment rate of 4.2% as not properly reflective of employee sentiment. 

“Many workers are worried about job security as they watch their companies adjust to this uncertain economy and increasingly look to AI and other new technologies for efficiency gains,” Redfin Head of Economics Research Chen Zhao said. “From a housing perspective, that wariness is keeping some would-be homebuyers on the sidelines.” 

Another economic trend giving prospective South Florida buyers pause is that business bankruptcies are surging, according to the South Florida Business Journal. Tri-county area business Chapter 7 liquidation or Chapter 11 reorganization filings jumped by nearly 50% year-over-year in the first half of 2025. One bankruptcy attorney told SFBJ this trend is expected to continue over the rest of the year. 

These reports follow recent news of Miami having the dubious distinction of leading the nation in delisted homes. All signs point to renting as the ideal option in our market for the foreseeable future. 

Douglas Enclave is an 11-story, 199-unit building with brand-new Little Havana apartments available for rent. It includes a thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances. 

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop. 

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district. 

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.