Current Market Data
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
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
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 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
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 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 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
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
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’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 (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
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
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
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
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 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
