Current Market Data

Extreme highs and lows in Miami: Prices jump 150% in one Miami Beach neighborhood

Douglas Elliman released its quarterly market overview this week, and the findings describe a Miami-area market fraught with extreme ups (i.e. 150-plus percent year-over-year increase in home price in Fisher Island) and extreme downs (65 percent sales decrease in

The real estate agent’s 7-point field guide to Generation X

It’s strange how little we hear about Generation X, because as consumers they are a pretty important group for agents to understand. Why? For starters, Gen Xers – which represents persons currently aged 36 to 50 – accounted for

Why homebuyers are migrating to Miami and other Sunbelt cities

Miami experienced the seventh-largest population growth in the nation in 2015, according to Census estimates. From 2014 to 2015, the Miami area’s population grew from 5.937 million to 6.012, which was a 1.3 percent increase. The city’s change in population was larger than

Miami’s luxury housing market is heating up

Miami has one of the busiest luxury housing markets in the country, according to the new Luxury Market Report from Coldwell Banker Previews International. In 2015, Previews reported, sales of homes priced $5 million and above totaled 43 in Miami. That was

4 ways homebuyers’ buying power has improved

Bankrate’s latest Financial Security Index offers up good news There are many studies that look into how Americans spend money, but agents should take note of a new Bankrate Financial Security Index, which measures American consumers’ confidence in the market, their net

Marlins Park helping to create buying opportunity in Little Havana

Baseball may not enjoy the same status it had in its glory days as the country’s greatest pastime, but in many places it remains as a significant influence on real estate. Well, its stadiums do. A new report from real

Good news for Miami’s spring sellers in new CoreLogic report

Home prices around the country are feeling the Spring season bump. According to a new report from CoreLogic, prices rose 6.8 percent year-over-year in February. At a state level, the gains were universal. “Home prices continue to rise across

Why two-thirds of real estate investors will spend more in 2016

In a new report on its 2016 Real Estate Outlook survey, KPMG found that many real estate investors are still confident in the market’s ability to produce returns, though some have found reason to temper that optimism with caution. On

5 reasons why 2016 is the “Best year for housing in a decade”

Forget what you thought you knew about the housing market – according to Freddie Mac, 2016’s housing market will see a return to pre-crisis levels. In the year following the recovery surge of 2014, the market slowed – a result

The one thing your buyers won’t compromise on

Schools are an integral part of the search process for many a homebuyer, and new research from the National Association of Realtors has reinforced just how non-negotiable the issue is. According to NAR’s 2016 Home Buyer and Seller Generational

Good news for first-time buyers – and the agents who represent them

Breaking down the many barriers to credit erected in the wake of the mortgage crisis has been a slow process. Credit issues have kept older homeowners from selling and younger renters from buying. But according to Fannie Mae’s Q1 Mortgage Lender Sentiment

Miami residential construction is booming in 2016

This year is shaping up to be a hugely positive one for residential construction in Miami, according to the latest numbers from Dodge Data & Analytics. In February, residential construction spending in Miami totaled $588 million, a 13 percent

Why your clients are both confused and confident about the market

The consumer equation is messy – expectations are up, attitudes towards the current market are down, and overall, confidence is on the rise, according to The Conference Board’s March Consumer Confidence Index. Using 1985 as the index’s baseline, where

5,000+ construction jobs added in Miami – will new construction follow?

Construction employment was up across the nation in the early months of 2016, according to the Associated General Contractors of America – a good sign for the industry , which currently suffers from labor and inventory shortages. New construction

A Miami agent’s case for bikeability – property values

Urban buyers today would have hated the 1950s. In the Urban Land Institute’s “America in 2015” report, a survey of U.S. residents found that approximately half considered “walkability” a top or high priority when determining where to live. But

First-time homebuyers battle low inventory

It’s getting harder for first-time homebuyers to find suitable starter homes The Miami housing market has become an increasingly precarious place for first-time homebuyers, according to a detailed new report from Trulia. In a deep analysis of the nation’s housing stock,

New Subscribe

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