Current Market Data

These 3 Concerns Continue to Haunt Sellers

An uncertain economy and low inventory are bringing out conservative tendencies in sellers Home sellers may dial back prices a bit due to concerns over the economy, the low inventory and buyers being more selective in their home purchases, according to a new Redfin

How Long Until Miami Homebuyers Break Even on Their Purchase?

Homebuyers in Miami break even on their homes sooner than expected It takes two and a half years for homebuying to make more financial sense than renting in Miami’s housing market, according to a recent analysis from Zillow. The “Breakeven

3 Positive Employment Trends For Housing

The latest jobs report shows some silver linings for employment   Last week, the Labor Department released its monthly jobs report with mostly positive news: unemployment fell below 5 percent in January, suggesting that even with the weak global economy and decreasing

Miami-Dade Housing Market Sets New Record

2015 proved a very positive year for real estate in Miami, according to MIAMI, but what’s in store for 2016? The Miami-Dade housing market set new records in 2015, according to the latest housing analysis from the Miami Association of

TransUnion Predicts 2.2 Million Boomerang Buyers Will Return by 2021

Boomerang buyers are, as the name implies, ready to return to housing The housing market’s recovery has been slow since the recession, and many consumers are still struggling with the economic fallout. According to a study released by TransUnion, though, there

Urban Housing Markets are Leading the Way in Miami

New numbers from Zillow show urban home price gains outpacing suburbs In the eternal rumble between urban and suburban housing markets, recent numbers have put the advantage firmly in the urban corner for Miami’s marketplace. According to a recent study from

Does Miami Stand To Lose Chinese Buyers?

China’s plummeting stock market and weak yuan are proving enough to convince investors in the country to avoid the nation’s faltering economy and instead opt for safer and more lucrative opportunities elsewhere – particularly in real estate and especially in

New Homes Are More Expensive and Bigger than Ever Before

Bigger homes mean more luxury buyers – but what does that mean for first-time buyers?   The average unit size of new residential construction is increasing, according to a National Association of Home Builders report. The average size of

CoreLogic: Miami Reigns As Cash King

CoreLogic: Miami Reigns As Cash King Real estate markets across the country continued hemorrhaging cash last October, a new report from CoreLogic confirmed, with the share of total sales falling 2.6 percentage points year-over-year. However, as is typical of

CoreLogic: Miami Home Prices Stronger Than Nation’s

Home prices continued their steady climb rounding out 2015, rising both year over year and month over month, according to CoreLogic. Across the nation, home price appreciation averaged a 6.3 percent increase from Dec. 2014 to Dec. 2015 –

Despite Slowdown, Developers are Still Pumping Billions into Miami’s Housing Market

New analysis from Dodge Data & Analytics paints an encouraging picture for Miami’s new construction marketplace The Miami housing market capped off a strong year of residential investment, according to the latest numbers from Dodge Data & Analytics. Per Dodge Data’s

The 3 Trends Shaping New Construction in 2016’s Market

These three trends illustrate where new construction is heading in 2016 Last week, the U.S. Census Bureau reported that new single-family home sales in 2015 totaled 501,000, a 14.5 percent increase over 2014 that brought new home sales to their

Redfin Names Miami’s Hottest Neighborhoods

Coral Terrace is Miami’s hottest neighborhood, according to a new report from Redfin citing the area’s relative affordability and strong demand. With a median sale price of $304,000, the Spanish stylings of Coral Terrace homes have become the obvious alternative for

Miami’s Top High Schools with the Best Teachers

Homebuyers want to live in a nice neighborhood, and when homebuyers have children, “nice neighborhood” translates to “wherever the good schools are.” Thanks to Niche, providing that information to clients is now easier than ever for agents. In its

Pending Home Sales Rose by How Much?

December was a modest month for contract signings, according to NAR Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major

Are First-Time Homebuyers Making a Comeback?

First-time homebuyers have been MIA for some time – are they poised for a comeback? The National Association of Realtors reported late last week that first-time homebuyers accounted for 32 percent of existing-home sales in December, which was up

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