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Current Market Data

Florida’s Housing Market Gets a 2016 Forecast

In its 2016 Florida Housing Market Forecast, research provider John Burns Real Estate Consulting outlined what it expects to be the defining characteristics of the state’s market this year. The Retiree Effect – In 2010, 27 percent (5 million)

U.S. Job Growth Exceeds Expectations

The 2015 job market finished out the year on a high note The economy added 292,000 jobs in December, while the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics.

3 Real Estate Trends That Will Not Change in 2016

Some Americans think 2016 will offer more of the same for housing Earlier this week, we reported on a new realtor.com study, which featured a largely positive list of trends that will change heading into 2016. Trulia published their own survey of

Is the Miami Rental Market Finally Slowing Down?

How did the local rent markets close out the year? The Miami rental market may have finally fallen back to earth in 2015, according to new analysis from Reis. For the 12-month period ending in December, Miami rents rose 4.1 percent, slower

Green Features Remain Important to Homebuyers

“Green” and energy-efficient features remain important to homebuyers, though some options are more sought-after than others. That finding came courtesy of NAR’s 2015 Profile of Home Buyers and Sellers, and to parse through the results, we put together the

10 Years of Condo Prices in Miami

Over the last decade, condo prices around Miami-Dade County have seen astounding highs and dismal lows (which mostly correspond to the 2007 economic downturn). And while the Miami condo market has largely recovered from the recession, a 10-year look

CoreLogic: Miami Home Price Growth Continues To Surpass Nation’s

Since 2014, home prices have been in what CoreLogic Chief Economist Frank Nothaft recently described as a “sweet spot,” consecutively rising between 5 and 6 percent for 15 months. According to the research group’s newest report, home prices rose

Tight Inventories Push Down Pending Home Sales

Pending home sales in November declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors. The Pending Home Sales

Miami New Construction on Pace for Lukewarm Year

The latest analysis from Dodge Data provided a low-key assessment of new construction in Miami According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Miami housing market totaled $405 million in November. That total is

Miami Home Price Growth Remains Strong in October

Strong home price growth continued in Miami in October, with prices rising 8 percent year-over-year, and 0.7 percent from September, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. As testament to Florida’s strong home price

Homeownership Out of Reach for Many Miami Renters

Stagnant wages and high rents combine to push homeownership out of reach for thousands of Miami residents Nearly 800,000 renters in the Miami housing market struggle with the cost of housing, according to a new report from the Joint Center of Housing

Strong November New Homes Sales Could Make for Best Year Since 2007

New home sales are shaping up for their best year since 2007 Sales of new single-family homes in November rose 4.3 percent from October and 9.1 percent from Nov. 2014 to a seasonally adjusted annual rate of 490,000, according

MIAMI Extends Its International Reach with 6 New Partnerships

In a move to further strengthen its international network, the Miami Association of Realtors this week announced new partnership agreements with organizations on four continents. MIAMI penned agreements with six real estate associations in South America, North America, Europe

What Rising Rents and Declining Affordability Mean for Housing

Housing is on a precipice of affordability, according to a new study The Joint Center for Housing Studies of Harvard University has offered some unflinching examinations of the nation’s housing market, particularly in terms of affordability and the growing

Is Young Adult Homeownership Ready for a Turnaround?

Data suggests the young adult homeownership rate is stabilizing After decades of decline, the 25-to-34-year-old homeownership rate has begun to level out, seeing no significant decline in 2014, according to Fannie Mae’s Housing Insights report. That trend, according to

CoreLogic: Majority of Miami Sales are Cash

The number of all cash transactions peaked in Jan. 2011, accounting for over 46 percent of total home sales. In September of this year, cash sales represented a much smaller portion of total sales with a 32.5 percent share,

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