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

Current Market Data

What Kinds of Homes can Certain College Grads Afford?

Recent grads may fear buying a home because they are stressed from student loans and starting their lives. Some grads’ professions, though, will make them more prepared to purchase a home than others, and Realtor.com has put together a list

CoreLogic: Florida’s Near Equity Share Among Nation’s Best

Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong

Next Recession Predicted for 2018

A new survey from Bloomberg Business anticipates that the next recession will occur in 2018. The survey was taken from a median average of 3o economists. They report that there is a 10 percent chance of a  recession headed in

CoreLogic: Miami the No. 4 Most Overvalued City in America

During the 2005 to 2007 bubble years, the gap between home prices and the long-run sustainable values in the U.S.’ largest 100 markets was approximately 10 percent, meaning that housing was 10 percent overvalued to its fundamentals. When the market

22 Subcontractors Needed to Build the Average Home

According to a new National Association of Home Builders study, 70 percent of builders generally use between 11 and 30 subcontractors to build one single-family home. On average, a typical builder would use 22 subcontractors to build a house. Here is

The Best Day to Buy a House is Fast Approaching

New research from RealtyTrac has found that Dec. 31 is the best day to buy a house in Miami; according to the data, average buyers on that day see a 13 percent discount below estimated market value. Thats  two months earlier than  Oct.

Market Share of 5,000+ Square-Foot Homes Increases

In 2014, the share of new homes with 5,000-plus square feet rose to a post-recession peak of 3.75 percent of new homes started, or 24,000 units, according to the Census Bureau’s Survey of Construction. Back in 2006, the new construction boom

CoreLogic: Miami Completes Nearly 100,000 Foreclosures

Foreclosures continued losing market share in July, as inventory declined 27.9 percent from the same time last year, with completed foreclosures dropping 24.4 percent, according to CoreLogic’s latest report. Foreclosure inventory represented 1.2 percent of all mortgaged homes in

Report Finds Miami Homes at High Natural Disaster Risk

Around the nation, the risk of natural disasters varies depending on a number of factors, including geographical makeup and location. In its 2015 U.S. Natural Disaster Housing Risk Report, RealtyTrac found that 35.8 million single-family homes and condos, or

CoreLogic: Miami Home Price Appreciation Speeds Passed Nation’s

Home prices were up again in July, according to a new report from CoreLogic. Year-over-year, home prices, including distressed sales, jumped 6.9 percent nationwide, while excluding distressed prices increased 6.7 percent. The price increases reflect an overall strengthening of

The Battle for Miami Beach: Flood Pumps vs. Climate Change

Every year, heavy rains and high tides force coastal sea levels surrounding South Florida to rise, which result in serious flooding for the Magic City, particularly in Miami Beach. Concern is only growing as the implications of climate change

South Americans Prefer South Florida

Miami has found its footing as a truly international city, attracting buyers and investors from literally around the globe, including heavy interest from China, where an economic crisis is convincing residents to take their money elsewhere. However, despite its

Miami New Construction Posting Big Gains in 2015

This year is shaping up to be a positive one for new construction in Miami Residential construction spending in the  Miami area was up 88 percent year-over-year in July, and so far in 2015 is 40 percent ahead of where it was last

Fall of Chinese Stock Market Leads to Lower Mortgage Rates

Average fixed mortgage rates in the U.S. have fallen to their lowest levels since May of this year amid substantial and ongoing global volatility out of China, according to Freddie Mac’s Primary Mortgage Market Survey. The average 30-year fixed rate mortgage dropped

Miami Home Prices Slow in Case-Shiller Indices

Home prices continue to rise nationally, but what about the local housing market? Home prices in the Miami metro area rose 0.3 percent from May to June and 7.7 percent from June 2014, according to the new Case-Shiller Home Price Indices from

MIAMI Reports Second Consecutive Month of Record Sales

Miami’s ending the summer hot, according to a new report from the Miami Association of Realtors, which confirmed July as the city’s second-highest month ever for single-family home sales. At a total of 1,354 single-family transactions, July’s figures nearly

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