Current Market Data

China’s Economic Strife May Be America’s Gain Says AREAA Chair

China is currently steeped in economic turmoil, and its tumbling stock prices and overinflated real estate market have industry professionals asking the question: How will this affect the U.S. real estate market? The answer has major implications for agents, brokerages

Mandarin Speaking Buyers Lead in Paying Cash

According to RealtyTrac and Ethnic Technologies, the share of Mandarin Chinese-speaking buyers paying in cash has increased to 46 percent in 2015, a 229 percent increase from 2005. This increase puts Mandarin Chinese in the lead in terms of cash sale market share

Miami Homeowners Among Nation’s Top Housing Spenders

Every month, the Miami Association of Realtors releases its monthly sales report, which highlights the area’s housing happenings, and prominently featured among the staple data is home prices. Despite single-family homes increasing in price in 50 of the last

CoreLogic: Half of Miami Sales Still Cash

CoreLogic released June cash sales data this week, which showed that cash continues to trickle out of the market. Nationally, cash sales made up 31.3 percent of total home sales in June, down from 33.9 percent the same time

3 Important Facts About Eco-Conscious Homebuyers

Green construction is growing faster than conventional construction. It currently provides 2.3 million jobs and $55 million in residential construction spending, which is expected to grow by $45 million by 2018. The homebuyers driving that growth are becoming increasingly eco-conscious, and the National Association of

Miami Home Prices Post Strong Gains

Did the latest Case-Shiller present more of the same for housing? Home prices in the Miami area were up 0.4 percent from June to July and 7.3 percent from July 2014, according to the latest Case-Shiller Home Price Index from Standard & Poor’s.

Ranch Home Style the Most Popular in U.S.

The most popular home styles in the U.S. are ranch style, conventional, split level, colonial and traditional, according to a RealtyTrac study of 25 million homes. The least popular style homes are cottages, log homes, gambrel, garrison and tudor. Interestingly, those

4 Key Trends in New Construction Today

New home sales were up in August, but is that a sign of a strengthening market? In August, new home sales rose 5.7 percent month-to-month and 21.6 percent year-over-year to a seasonally adjusted annual rate of 552,000, according to

Homebuyers Worried About Affordability, Not Interest Rates

An interest rate hike is not a concern to buyers Buyers are more concerned about affordability, competition and inventory than an interest rate hike, according to a Redfin survey of 3,577 buyers done in late July. Only 5 percent of the

Miami has Highest Share of Cash Sales in U.S.

The Miami housing market has the highest share of cash sales in the nation, according to RealtyTrac’s August 2015 U.S. Sales Report. In August, cash sales made up 48.6 percent of all sales in Miami, compared with 24.5  percent nationwide. In

Hispanic Women Becoming Powerful Housing Demographic

For decades, white buyers have largely dictated the direction of the housing industry. That may soon change, though, as a recent survey from Better Homes and Gardens Real Estate and the National Association of Hispanic Real Estate Professionals found

Housing Cost Burdens Will Only Worsen Over Next Decade

One in four renters is severely rent burdened Based on current trends of rent gains outpacing incomes, the number of severely burdened renters could increase by up to 25 percent by 2025, according to a study published by the Joint

Florida has the Sixth Most Unfair Tax System in the U.S.

Florida has the sixth most unfair tax system in the country. That was one of the findings in WalletHub’s application of a nationally representative survey to rank which states had the most and least fair tax systems. The survey reflected what

MIAMI: Signs of Slowing Sales in August

The Miami Association of Realtors released its monthly sales report this week, and the findings told the story of a still growing market with slowing panache. Across the area’s most popular housing stock – single-family homes and condominiums –

Existing-Home Sales Slow in August

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

MIAMI: Miami Luxury in Q2 – Prices Up, Sales Down

The Miami Association of Realtors released its quarterly report on the status of the city’s luxury market recently, and the organization led with the headline: Miami Luxury Home Prices, Total Inventory Rise in 2Q. What it left out was

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