Current Market Data

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

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

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