Current Market Data

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,

Greater Miami beats out nation in affordability, price growth

In the first quarter of 2016, every county in Greater Miami – Miami-Dade, Broward and Palm Beach – boasted a residential housing market more affordable than “historically normal levels,” confirmed RealtyTrac’s latest Home Affordability Index. Derived from publicly recorded

Cash sales best since 2008

In 2015, cash sales made up 33.9 percent of all residential real estate transactions, according to a new report from CoreLogic. That’s the lowest level since 2008. About midway through 2007, when the crash was becoming too apparent to

New NAREB initiative to boost African American homeownership

NAREB seeks to address barriers on both the borrowing and lending side of homeownership The National Association of Real Estate Brokers (NAREB) plans to launch a nationwide wealth building and  homeownership initiative focused on African Americans. The initiative has a goal

Why Millennials may leave the city after all

Cities may see less Millennials moving in going forward, thanks to shifting demographic trends as the generation grows older, according to a new CityLab report. The report, which covered a talk by USC urban planning professor Dowell Myers, argued

Why more Baby Boomers are choosing renting over buying

In mid January, a small cadre of consultants from research group John Burns Real Estate Consulting attended the National Multifamily Housing Conference, looking for evidence of future trends in housing. They found one, and it involves the possible decline of

In one Miami neighborhood, sales are up 300%

In Miami’s Biscayne Point neighborhood prices rose 34.6 percent year-over-year in February, according to a new report from Redfin; sales in the neighborhoos dropped 46.2 percent. In Eastern Shores, median home price jumped 35.2 percent, compared to a 37.5

MIAMI: Miami Prices Leap Forward, Still “Bargains”

Miami residential property sales totaled more than $810 million in February, which complemented major price gains while resisting the continuing trend of falling sales, according to a joint report from the Miami Association of Realtors and local MLS. On

Hispanics will Drive Housing’s Future. Here’s Why

New research reaffirms how important Hispanic consumers are for the future of housing in America The numbers speak for themselves: in 2015, the number of Hispanic-owner households saw a net increase of 245,000, accounting for 69 percent of the total

Why Foreign Buyers are Losing Their Love for American Real Estate

A strong dollar and rising home prices leave foreign investors cold on buying in the U.S. The post-boom U.S. housing market has benefitted immensely from foreign consumer demand. According to the National Association of Realtors, foreign homebuyers accounted for 209,000

7 Surprising Ways Homebuyers’ Generation Affects Their Purchase

New, or used? Detached, or townhome? Environmentally friendly? Close to work? Near shopping centers and entertainment venues? The number of options available to homebuyers in our real estate market is limitless, and NAR’s latest Home Buyer and Seller Generational

TRID Gets More Blame – Is It Deserved?

The debate over TRID’s true impact on mortgage markets is ongoing, but according to a new survey from the American Bankers Association, lenders are still grappling with longer processing times and delays in mortgage closings, which many are attributing

On Target – Why Homes Near This Big-Box Store are More Valuable

Home value sees noticeable changes near stores of certain persuasions Homeowners living near a Target have experienced better home value appreciation since their purchase than homeowners near a Walmart, but also pay higher property taxes, according to a RealtyTrac

The 5 Big Reasons that Consumers Buy Homes

Why do consumers buy homes, nowadays? There are many reasons that someone may want to purchase a home, but among America’s homebuying public, which reasons are the most common? According to the new Home Buyer and Seller Generational Trends

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