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

Current Market Data

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

Residential Real Estate Brokerages Expecting More Money

During the economic downturn, the real estate industry floundered and thousands lost their jobs. But improvements have been made, and the industry is healing, which means the money is returning. By 2016, more than two-thirds of residential real estate

CoreLogic: More than Half of All Sales in Miami are Cash

National cash sales continued their descent in May, a new report released today from CoreLogic showed. For 29 months, all-cash buyers have been leaving the market, as marked by continual year-over-year decreases in market share. In May, cash sales

New Construction at Highest Level in 8 Years

New development – especially in the single-family sector – has been very strong in 2015 Housing starts in 2015 are running at their highest level in eight years, according to the latest report from the U.S. Census Bureau. With 641,000 new housing starts so

4 Significant Ways First-Time Buyers have Changed

The housing market has changed substantially in the last 40 years, and first-time homebuyers have changed with it Since the 1970s, the U.S. housing market has changed in numerous ways. The square footage of homes, for instance, has risen to all-time

Builder Confidence at Highest Level Since Nov. 2005

Builder confidence in the market for newly built, single-family homes in August rose one point to a level of 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). That is the highest reading since November

Student Debt Delaying 30% of Millennial Home Purchases

Student debt remains the leading roadblock to Millennial homeownership Fifty-six percent of people between 18 and 29 have put off a major life event because of student loan debt, according to a survey released by Bankrate.com. That is higher than

CoreLogic: Florida Clears More Foreclosures Than Any Other State

Today, CoreLogic released its June 2015 National Foreclosure Report, and the big reveal was foreclosures are still dropping – so not much of a surprise. For another month, national foreclosures fell, with inventory dropping 28.9 percent year-over-year from a

Reading the Tea Leaves: What the Economy Can Tell Us About the Future of Building

Homebuilding is in a state of flux across the nation. With growing barriers in lending and land availability forcing traditionally entry-level homebuilders into the upper ends of the market, it is unclear what the future of the industry and

CoreLogic: Miami’s Distressed Sales Fall 10%

CoreLogic’s May distressed sales report shows lowest levels since 2007 CoreLogic recently released a new report detailing the state of the distressed sales market in the U.S. for May, and for another month, both real-estate owned (REO) and short

Property Markets Group and S2 close $133.7 million loan for Muse Residences

Property Markets Group (PMG), along with their joint venture partner S2 Development and Canyon Partners Real Estate, announced that they have closed a $133.7 million senior construction loan for Muse Residences. Canyon, the lender, is a Los Angeles-based real

Why Miami Renters are Not Buying Homes

Rising rents, new research shows, are not an incentive to buy a house Renters in the Miami metro area are spending substantially more money on their monthly rent than is historically the case. That was the finding of a new

Miami Area Flips Most Houses in Nation

New research indicates home flipping remains very profitable in Miami In 2015’s second quarter, the Miami metro area had 1,383 single family home flips, which is more than any other area in the nation, according to a recent study

Major Google Air Quality Partnership May Soon Influence Home Pricing Decisions

Technology has drastically improved the efficacy of searching for the right home. Prior to enlisting the services of an agent, buyers, who in all likelihood have a pre-established criterion for their ideal neighborhood and home, are scoping out concerns

Miami New Construction Up Double Digits in 2015

Building in the Magic City Making Significant Progress Residential construction spending in the Miami area was up 86 percent year-over-year in June, and so far in 2015 is 27 percent ahead of where it was last year. Those encouraging stats came courtesy of the

Miami Ranked Low on Apartment List Satisfaction Survey

Miami was ranked on No. 82 out of 100 on Apartment List’s Renter Satisfaction Survey, released early this month. The survey, which polled over 18,000 renters, asked renters to rate their city based on a series of factors. Miami

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