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

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

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

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

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

National distressed sales – including real-estate owned (REO) and short sales – fell 1.9 percentage points in November 2015, pushing the distressed share of total sales to its lowest November point since 2007, according to a new report from

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

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

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,

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

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,”

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 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

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

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’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