Read Today’s Top Story: Miami-Dade home sales increase again

Current Market Data

Miami Price Growth the Strongest in the Nation

The latest Case-Shiller Indices offered numerable insights into the nation’s housing market Home price growth continues in the Miami housing market, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. The latest numbers, which track home prices

Down Payments are Rising in Florida – What Does that Mean for the Market?

Home prices have been on a tear for the past couple years, and new homebuyers trying to enter the market have noticed it becoming pricier to not just buy a house, but even put a down payment on a

Are FICO Alternatives Becoming the Preferred Standard?

After years of heavy reliance on FICO scores, some lenders are now saying FICO’s view is too narrow, focusing too much on past behavior and not enough on consumers’ present circumstances. Alternative scoring systems have become a viable option,

Good News for Luxury Agents – the Millionaire Population is Growing, and Fast

New research finds that millionaire ranks grew strongly in 2015 There were nearly 111,000 millionaire households in the Miami-Dade area through the middle of 2015, up 7.3 percent from the same period in 2014. Millionaire households now account for 5.0 percent of all households in

Can You Believe It? TRID’s Impact on Markets is “Minor”

In December, existing-home sales re-found their footing, making up for the misstep in November. What did we learn? TRID was the cause of November’s slip, but it’s not a problem anymore. “Closing time metrics are showing minor effects of TRID,”

What the Consumers Don’t Know Will Hurt Them

Compared to a few years ago, the lending market is doing quite well. In fact, some institutions believe the progress of recovery is such that the market will be fully recovered by the end of this year. Now if

Douglas Elliman: Luxury Prices Jump $6 Million-Plus in Miami Beach Last Quarter

Douglas Elliman has released its quarterly market overview, detailing a market where despite slowing demand and swelling inventory, prices continue to grow. Miami Proper In the final months of 2015, Miami’s market maintained an upward trend on prices, with

4 Important Details about New Construction in 2016

What will the new construction marketplace look like in 2016? The Census Bureau released its latest report on new construction this morning, and as usual, the agency’s analysis had far-reaching implications on where the new construction markets are heading in

Miami Realtors Divided on Impact of New Government Surveillance

Criminal king pins of the world beware – Miami’s under surveillance. In not so many words, that’s the message the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) was hoping to convey when it announced its new rules for monitoring

Builder Confidence Points to Strong Home Sales in 2016

Builder’s are confident, and that bodes well for housing in the New Year Builders are starting out 2016 on confident footing, and that spells promising things for the year’s housing market. That was the central finding in the National Association

Swallowing Miami – The Risk of Rising Sea Level

If projections from monitoring entities are to be believed, then it’s entirely possible that Miami Beach will be completely underwater by 2100, with much of the mainland slipping into the sea right behind it. At the very least, flooding will

4 Reasons Why Higher Interest Rates Should Not Concern You

Higher interest rates may not be that big of a threat to housing’s future, after all With interest rates seeing their first increase since 2008, there is concern that the hike will harm the housing market either through harming

Are Millennials Doing Better than Initially Thought?

More underemployed college graduates work in the office sector than service One of the common beliefs about the current job market is the underemployed college graduate being forced to work as a barista, or another form of unskilled labor for

Can Miami Handle 22,000 More Condo Units?

Since 2011, when South Florida entered its current real estate cycle, Miami-Dade-Broward and Palm Beach counties have added more than 4,200 units across 56 new condo buildings. By 2022, those figures are expected to have risen by an additional

Why are Fewer Single Women Buying Homes?

Why has homebuying among single female consumers declined in recent years? During the mid and late stages of the housing boom, one of the more commonly reported success stories was that of the single female homebuyer. As tracked by

All-Cash Sales in Miami Remain Highest in Nation

All-cash sales remain a pivotal component of Miami’s housing market The Miami housing market still sees more all-cash sales than any large metro area in the nation, according to new analysis from RealtyTrac. For Nov. 2015, all-cash sales comprised 59.7 percent

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