Current Market Data

Miami home price growth beats national averages in new Case-Shiller

Home price growth in Miami was stronger than the national average, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. The leading home price metric in housing, the Case-Shiller, found that Miami home prices rose 6.6 percent year-over-year in May, which

Understanding South Florida’s wonky condo market

Sales and demand are plummeting, inventory is skyrocketing, price performance varies wildly by neighborhood, and the experts operating at the center of it all can’t agree on whether the market is in a bubble or good shape – this is

Miami median home price hits $325,000

Home prices in Miami continued to rise in June, a new report from the Miami Association of Realtors confirmed. Overall sales remained in decline. Median sales price for a single-family home hit $325,000 last month – a 12.5 percent

Future labor shortage may be imminent – Blame it on the Boomers?

Today, builders are facing a serious labor shortage. A few years from now, that shortage could get even worse. In a new report from John Burns Real Estate Consulting, the research group’s vice president and chief demographer, Chris Porter,

2 Miami-area neighborhoods among best opportunity markets in U.S.

Both Homestead and Miami’s 33150 ZIP code offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac. In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase

How have Trump condo values done over the past year?

After a roll call vote on Tuesday in Cleveland, Donald Trump was officially nominated as the GOP’s presidential candidate. Unfortunately, his domination in Republican polls has done little to stymie the falling value of his once-coveted branded condos. In

Florida may soon be the land of the old

Florida may soon have more elderly residents than children, newly released Census Bureau estimates suggest, according to a report from the Wall Street Journal. In 2015, the U.S. had 54 percent more children under 18 than adults 65 and

Is Miami’s market in a bubble? One analyst offers an answer

Is Miami’s luxury condo market in a bubble? Some will tell you it’s a stupid question to ask; that of course the market isn’t in a bubble; that the market has taken precautions this time around. But according to

This week in Miami real estate: Energy drink company owner pays $20 million in cash for a Miami Beach pad, and more

Having trouble keeping up to date on all of Miami’s top real estate news? Some of this week’s top stories include Rockstar Energy Drink creator Russ Weiner’s multi-million dollar Miami Beach purchase and a talk of a new luxury tower

Americans say the best candidate for housing is…

In less than a year, either Donald Trump or Hillary Clinton will be president. One of them will set the policies that will impact housing over the next four years. In a recent survey from Trulia, the listing site found

Realtor.com economist – “best summer for residential real estate in a decade”

Jonathan Smoke is the chief economist for realtor.com, and in a commentary he recently wrote for CNBC, he suggested the nation’s current economic arrangement is a “nearly perfect scenario” for this summer’s real estate market. “During the boom, loose

The 10 best places to live in Greater Miami are…

Pinecrest is Greater Miami’s best place to live, according to new rankings from Niche. The review site based its rankings on a set of criteria that encompassed the area’s education, economy, average commute, family friendliness, weather, diversity and nightlife.

7 essential things to know about foreign homebuyers in 2016

NAR’s latest survey of international buyers, which the association conducts annually, provided some keen insights into the U.S. housing market and the role that foreign consumers play. Here were the seven most notable findings from the survey: 1. Falling

Miami commuters are lucky – here’s why

Every day, millions of Americans in hundreds of cities across the country wake up and have to catch public transit – whether it be a bus or train. The experience is more pleasant for some than others. And in

Architects answer “what do homeowners want?”

Trends in home design over this year’s first quarter are treading familiar territory, with higher-end homeowners building bigger and, for another year, informal spaces, open space layouts, and access in and out of the home proving the most sought-after design

And Miami’s two coolest neighborhoods are…

Where are the coolest neighborhoods in the U.S.? And are any of them located in Miami? Real estate brokerage Cushman & Wakefield set out to locate those neighborhoods with its “Cool Streets Report,” and two in the Miami area –

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