Read Today’s Top Story: Miami-Dade home sales increase again

Current Market Data

Case-Shiller: Miami Home Prices Rising Strongly

Home prices in Miami continue to rise Home prices in the Miami metro area rose 0.4 percent monthly and 7.4 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. Though Miami’s monthly price growth was consistent

Peebles Corp. Sells Miami Beach’s “Last Vacant Oceanfront Property”

A while back, news reports started trickling in that development company Peebles Corp. had plans to sell its much talked-about Bath Club Estates development site. After months of sifting through bids, the nearly 1-acre plot was finally sold to

How Lagging Economic Optimism Impacts Housing

The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the

Apartment Construction Drives Market in 2015

Without the surging apartment sector, where would new construction be in 2015? Housing starts in September were up 6.5 percent from August and 17.5 percent from Sept. 2014 to a seasonally adjusted annual rate of 1.026 million, which is the

BoA Survey: Millennials Confident, Yet Stressed About Money

According to the new Better Money Habits Millennial Report from Bank of America, while 84 percent of Millennials are self-reliant when it comes to managing their own finances, 41 percent are constantly stressed about money. Moreover, the report found that money stress

Builder Confidence Hits Highest Level in 10 Years

Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells

Miami Real Estate Professionals Are Earning More

The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Miami, 2014 salaries for loan officers

Douglas Elliman Releases Q3 Market Report

Miami continues to remain an incredibly diverse and dynamic market as we move further into 2015, with a particularly strong emphasis on luxury. However, as Douglas Elliman’s Q3 market report shows, gains in sales and prices have tempered since

62% of Americans Have Almost No Savings

Yet another study finds that a majority of Americans are on financially insecure footing Sixty-two percent of Americans have inadequate savings. That alarming statistic was the main finding of a Google Consumer Survey that GoBankingRates, a national website that

CoreLogic: Magic City Inches Closer to Foreclosure Normalcy in August

Recovery continues as foreclosure levels dropped yet again in August. National foreclosure inventory fell 25.2 percent year-over-year and completed foreclosures dropped 20.1 percent, according to a new report from CoreLogic. The latest decline in foreclosures is only the latest step

State’s Billion Dollar Foreclosure Prevention Program “Lagging Behind”

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released an audit this week that criticized the Department of the Treasury and Florida Housing Finance Corporation over their management of a controversial, billion-dollar program aimed to keep struggling families in

Miami Among Nation’s Top 20 Markets

The Urban Land Institute released its 2016 Emerging Trends in Real Estate report and survey recently – the 36th edition of the institute’s trends and forecast report – providing analysis of the nation’s top real estate markets, and subsequently

9 Surprising Stats about the State of Housing in 2015

Housing has made considerable progress the last few years, but elements of the downturn still linger. Recently, there have been many promising developments in housing. New construction, for instance, is becoming more affordable, and new home sales are up

MBA: Mortgage Credit Availability Increases

Mortgages were slightly easier to attain in September, according to a new analysis by the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index (MCAI), which tracks access to credit, rose 0.3 percent in September to 126.5; any increase in

MBA: Mortgage Applications Increase Dramatically

According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications increased 25.5 percent from the week prior. Refinancing activity increased by 24 percent, while purchase mortgages rose by 27 percent. Refinancing comprised 57.4 percent of all mortgage

CoreLogic: Miami Prices Surge Past National Pace in August

Sales continued their strong march forward in August, as CoreLogic reported both year-over-year and month-to-month increases. While the extent of home price gains varied often and sometimes greatly from metro to metro in August, the national direction has remained

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