Current Market Data

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

What Modern Homes Say About Modern Homebuyers

Modern homes favor efficiency and space Just as the average American homebuyer has changed over the years, so too has the average American home. According to a new analysis from the National Association of Realtors, new homes are characterized

Miami Moves Closer to Eradicating Negative Equity

Homeowner equity made big year-over-year gains in the fourth quarter of 2015, according to a new analysis from CoreLogic, which found borrower equity increased by $682 billion, or 11.5 percent – to put it into perspective, that’s more than

These are the 3 Things Keeping Non-Homeowners from Buying

Non-homeowners are plagued by a lack of credit, money and knowledge First-time homebuyers have been absent from the current market ever since the housing downturn, choosing instead alternative housing solutions such as renting and living with parents or in-laws.

In Miami Real Estate, these Two Groups Value Homeownership the Most

Hispanic and Millennial consumers are the most eager to buy homes in the Miami area, according to a new survey from Zillow. The survey, which polled more than 10,000 renters and homeowners, asked consumers whether or not they associated

Survey: TRID Impacting 75 Percent of Loan Closings

New regulations are delaying a high amount of loans, new research finds More than 75 percent of banks say TRID compliance is delaying loan closings between one and 20 days, according to a survey by the American Bankers Association. The reasons

Miami New Construction Begins 2016 in Strong Fashion

The residential construction community in Miami kicked off 2016 in a strong fashion, with overall spending rising considerably from a year ago, according to the latest numbers from Dodge Data & Analytics. Per Dodge Data’s analysis, residential construction spending in

The 4 Reasons to Expect a Strong Spring Housing Market

A strong economy and beneficial market conditions will boost housing in the spring The National Association of Realtors has always tried to keep a positive perspective when looking towards the future, and the latest report from Realtor Mag, which anticipated a

This is Why Millennials are Buying in Urban Areas

Millennials looking for more in their surroundings Much has been written about the newfound demand for urban, walkable environments, and a new study from CityLab has zeroed in on the causes behind that demand. According to CityLab’s research, the

The 10 Things Clients ‘Must Have’ in New Construction Homes

Baby Boomers are famous for their embrace of suburbs, and new research suggests that their love for the housing style remains fervent as ever. According to new research from the National Association of Home Builders (NAHB), 22 percent of

Miami’s Condo Demand: Fact or Fiction?

Miami’s condo market was in the midst of a comeback in 2015, according to the Miami Downtown Development Authority’s annual report. That might not be the case today. Fueled by luxury and international demand, 90 percent of the more

The Best Time of the Year to List a Home in Miami

When is the best time to list your client’s home? The answer may surprise you The best time to list a home in Miami’s housing market is between April 16 and April 30, according to a new analysis from Zillow. Listing

Miami DDA: Downtown to be “Business, Social and Cultural Epicenter of the Americas” by 2025

By 2025, what will Miami’s downtown look like? If it’s not underwater, the Miami Downtown Development Authority (DDA) hopes the area will have been cultivated into the “business, social and cultural epicenter of the Americas.” It’s a lofty endeavor,

Miami Not No. 1 For Cash Sales, But Close

From Jan. 2013 to Oct. 2015, year-over-year decreases in the share of total home sales occurring in all cash have averaged 2.7 percentage points. However, in Nov. 2015 (the latest available data) the pace of decline slowed to 0.7

The 4 Challenges First-Time Buyers Face in 2016

The housing market is improving, but first-time homebuyers still face challenges First-time homebuyers have dropped to their lowest share since 1987, and based on numerous reports and analyses by news organizations and industry groups, there are a number of barriers

Miami Prices Surge in Face of Falling Demand

In true Miami fashion, despite a double-digit drop in sales across both property types (single-family homes and condominiums) home price growth continues to amaze. The city’s single-family market – a weaker counterpart to condos – has been slowing for

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