Current Market Data
Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home
2015 has been a good year for new construction in Miami Residential construction spending in the Miami housing market totaled $354 million in October, a 53 percent decline from Oct. 2014, according to new numbers from Dodge Data & Analytics. Year-over-year numbers, though, can be
According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and
Sales in South Florida despite a mild slowdown have remained strong through 2015. The $1 million-plus real estate market is robust across the three South Florida counties: Miami-Dade, Broward and Palm Beach. For all three counties, April was the
Why do some consumers buy new homes, while others buy existing homes? NAR’s 2015 Profile of Home Buyers and Sellers provided the answer, and in our continuing coverage of NAR’s report, we’ve assembled the following graph on the topic:
New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according
Why did U.S. consumers decide to buy homes in 2015? That question was one of many that NAR’s 2015 Profile of Home Buyers and Sellers tackled, and the results were many and varied – especially when the consumers’ disposition
South Florida is a magnet for international buyers. The point was recently emphasized in a survey conducted jointly by the National Association of Realtors and Florida REALTORS, which found that 50 percent of Florida international home sales took place in
Families might be able to have fun in Miami, but it may not be the best city for them to settle down, according to a new report from WalletHub. Cataloging Florida’s best and worst cities for families, the personal
How have home prices progressed in the 2015 housing market? Home prices in the Miami housing market rise 0.9 percent from August to September and 7.7 percent from Sept. 2014, according to the new Case-Shiller Home Price Indices from Standard & Poor’s.
Rising prices and quick sales times have defined Miami’s real estate market in recent months, while falling sales and struggling inventories have also endured. It’s a tale of two markets. In the Miami Association of Realtors October market report,
The ins and outs of buyer traffic around the holidays It has been long been considered common knowledge that the buying craze of Black Friday does not extend to real estate, thanks to a lack of large savings for homes
We’re approaching two months since the implementation of TRID, and after a string of weeks that saw declining originations, mortgage applications were back up in the week ending Nov. 13, according to the Mortgage Bankers Association. In the two
When it comes to picking out the right neighborhoods, schools and cost are among the most important factors, usually considered in tandem. However, a recent report from RealtyTrac showed that while in much of the U.S. higher cost correlates
Homes sales were down in October, but the overall picture remains a very positive one for housing Existing-home sales declined 3.4 percent from September to October to a seasonally adjusted annual rate of 5.36 million, according to the latest report
October provided yet more evidence of how integral multifamily building is to the current new construction economy October was a rough month for new construction, with housing starts falling 11 percent from September and 1.8 percent from Oct. 2014
