Current Market Data

Mortgage Customer Satisfaction Jumps in New Report

The mortgage process doesn’t often top the list of things people like to do, but as far as dealing with banks and moneymen go, customers are more approving of the mortgage process now than any other time in the

Disproportionately High Rents Spoil Homeownership Dream

Many want to own a house, but the finances are only feasible for an increasingly select few It is a truth universally acknowledged that the vast majority of renters in America aspire to homeownership. Indeed, according to a recent

NAHB: Builder Confidence Slips in November

After some very positive months, builder confidence took a step back in November Builder confidence in the market for newly constructed single-family homes slipped three points to 62 from October to November in the National Association of Home Builders/Wells Fargo

Miami’s Best Elementary Schools, High Schools and Districts Ranked

In WalletHub’s 2015 list of the best and worst school systems in America, Florida ranked among the midsection of states, coming in at No. 23 overall – and No. 26 when only “quality” was considered. However, despite the state’s

MIAMI: Q3 Report Reveals Surging Buyer Demand

Sales were up, prices were up and homes sold faster, so despite a dip in inventory, it was mostly a banner quarter for Miami, a report from the Miami Association of Realtors recently confirmed. Residential sales topped 7,800 this

Fort Lauderdale: A Different Kind of Luxury

Fort Lauderdale’s luxury market continues to expand as more international buyers and northeasterners turn their attention to this “Venice in America” in search of a better deal. Comparable waterfront cities in the U.S., such as Miami, Los Angeles and

The 6 Characteristics of Homebuyers in 2015

What does the typical homebuyer look like in 2015? Earlier this week, we reported on first-time homebuyers, and how they are now at their lowest market share since 1987. That information came courtesy of the 2015 Profile of Home Buyers

Miami Named No. 3 Best City for Real Estate Investors

The investor-market dynamic has shifted since the boom and bust years. Returns are no longer astronomical and scooping up discounted foreclosures isn’t as easy as it once was, but the promise of profit has far from dried up, as

Black Mortgage Applicants Denied Substantially More in Miami

Mortgage markets have improved, but the inequities are still pronounced Black mortgage applicants in the Miami area are denied at a substantially higher rate than all applicants, according to new research from Zillow. In 2014, 30.3 percent of black mortgage applicants in Miami were

3 Miami-Area ZIP Codes Among Nation’s Most Expensive

Every year, Forbes commissions Altos Research to examine median home price data for nearly 30,000 ZIP codes, which together account for 95 percent of the U.S. population. In this year’s top 50 most expensive ZIP codes, the Miami area

CoreLogic: Florida Leads Country in Completed Foreclosures

In September, foreclosure inventory continued its rapid decline, falling 24.3 percent since the same time last year, a new CoreLogic report found. As a testament to the market’s recovery – and a more total economic recovery – since the

6 Important Facts about First-Time Homebuyers

First-time homebuyers continue to lose market share in today’s housing market First-time homebuyer share has dropped to its lowest level in 27 years, with just 32 percent of all existing-home sales going to first-time buyers in 2015. That was one

4 Big Trends in the U.S. Job Market

October was more of the same for the U.S. job market, but was it enough to sway Fed policy? The U.S. economy added 271,000 jobs in October and the unemployment rate held firm at 5.0 percent, according to the

MBA: Mortgage Applications Slightly Decrease

According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications decreased 0.8 percent from the week prior. Refinancing activity decreased by 1 percent, while purchase mortgages rose by 20 percent. Refinancing comprised 59.5 percent of all

TRID Remains Lenders’ No. 1 Regulatory Concern

It’s been more than a month since the TILA-RESPA Integrated Disclosure (TRID) guidelines came into effect, and so far, the industry hasn’t devolved into total chaos. But that doesn’t mean lenders still aren’t worried. Financial services company Wolters Kluwer

9 Miami High Schools Make Top 500

Miami schools were heavily represented in Newsweek’s recently released report “America’s Top High Schools 2015,” with nine schools finding a place among the publication’s rankings. The schools were evaluated on a range of criteria, from graduation rate to the

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