Current Market Data

Miami home price appreciation approaches 5 consecutive years

Miami home prices haven’t slipped in nearly five years. But sales certainly have. For 56 consecutive months, single-family home prices have appreciated in Miami, a report from the Miami Association of Realtors and the local MLS confirmed. In July,

Trump on housing: ‘A home builder taught me everything I know’

Donald Trump spoke to the National Association of Home Builders this month, and it turned out to be one of the most important speeches of his campaign: it was about housing. He reminisced about what it was like growing

4 things to know about multigenerational households

Multigenerational households – those that include two or more adult generations, or grandparent and grandchildren – are at an all-time high in the U.S., according to a new Pew Research Center analysis. Based on census data through 2014, Pew

AARP releases new tool to help Miami agents serve older clients

What do seniors look for in a neighborhood? It’s a smart question for real estate agents to ask, considering the rapid growth of the country’s 65-and-older population. In 2014, 46.2 million people in the U.S. were at least 65

To sell or remodel: Homeowners choose…

In June, the nation’s housing inventory fell. It’s now at a 4.6-months supply. It’s a trend defining several metropolitan markets throughout the country. A report from John Burns Real Estate Consulting recently explained, at least in part, what may

The state of homeownership in Miami

The homeownership rate is a tabulation of households that are owners; and in Miami, the share of people who own their homes is lower than it was in 2007 – significantly lower. A report from Apartment Listing put Houston’s current

Miami hits 18 consecutive quarters of price gains

Sales are down, prices are up (for the 18th consecutive quarter), and condo inventory is pushing a year’s supply – Miami’s second quarter is typical Miami. The median price for single-family homes in Miami reached $295,000 during the second quarter,

Florida buyers are paying how much in closing costs?

Average closing costs in Florida are among the highest in the nation, a new report from Bankrate confirmed. The implementation of TRID, and its new closing disclosure form, has helped reduce confusion around what closing costs actually entail. But

What’s the final word on student debt and housing? It’s complicated.

The statistics are hardly encouraging: student debt has more than tripled in the last 10 years; its serious delinquency rate is higher than any other form of debt, including mortgages and credit cards; it now totals $1.37 trillion, and

The best and worst of Miami’s high-end home markets

There are a handful of luxury markets in Greater Miami not seeing positive price growth. There are even more that are. Through this year’s second quarter, luxury sales were booming in The Hammocks, according to a report from Redfin. The

JD Power says consumers like this brokerage more than any other

JD Power today named its annual home buyer/seller satisfaction award recipients, and in all four real estate consumer categories – first-time buyers, first-time sellers, repeat buyers, repeat sellers – Century 21 was the top pick; though, the brokerage tied once with

1 in 3 Miami homes could be underwater by 2100

By 2100, a third of Miami’s housing stock, nearly 33,000 homes, could be underwater, according to a new study. The paper, authored by professors Robert Deconto, of the University of Massachusetts, and David Pollard, a senior scientist with Pennsylvania

7 signs that housing still has a long way to go

Americans are deeply pessimistic about economic mobility. By an overwhelming margin, they believe it is harder today to secure a middle-class lifestyle than it was for past generations. And a large majority continue to see the housing market in

Miami home sellers see outstanding returns in 2016

Home sellers in the Miami housing market have seen some of the best returns in the nation, according to the Q2 2016 U.S. Home Sales Report from RealtyTrac. Basing its analysis on publicly recorded sales deeds from more than 900 counties nationwide, RealtyTrac

There may be dirty money in Miami real estate after all

In January, the Financial Crimes Enforcement Network, a division of the Treasury Department, announced two Geographic Targeting Orders, or GTOs, to monitor all cash luxury transactions in both Manhattan and Miami. The purpose was to help authorities identify possible

Appraising solar: a new approach

By the end of 2016, the Department of Energy estimates 1 million homes will be equipped with a solar energy system. And still there is no definitive way to value those systems in appraisals. A new report from the

New Subscribe

  • This field is for validation purposes and should be left unchanged.