Current Market Data

Census Bureau: New Home Sales Disappoint in September

New home sales were down last month, but what about 2015 overall? Autumn has been a lackluster season thus far for new home sales, which rose 2.0 percent month-to-month but fell 11.5 percent year-over-year in September, ending the month at a seasonally adjusted

MIAMI: Single-Family Sales Rise in September

September was a strong month for Miami’s single-family market, as sales and prices rose in moderate tandem, signifying continued strong demand heading into a traditionally slower season, according to a new report from the Miami Association of Realtors (MIAMI)

CoreLogic: Cash Sales Remain Above 50% in July

Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option

Case-Shiller: Miami Home Prices Rising Strongly

Home prices in Miami continue to rise Home prices in the Miami metro area rose 0.4 percent monthly and 7.4 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. Though Miami’s monthly price growth was consistent

Peebles Corp. Sells Miami Beach’s “Last Vacant Oceanfront Property”

A while back, news reports started trickling in that development company Peebles Corp. had plans to sell its much talked-about Bath Club Estates development site. After months of sifting through bids, the nearly 1-acre plot was finally sold to

How Lagging Economic Optimism Impacts Housing

The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the

Apartment Construction Drives Market in 2015

Without the surging apartment sector, where would new construction be in 2015? Housing starts in September were up 6.5 percent from August and 17.5 percent from Sept. 2014 to a seasonally adjusted annual rate of 1.026 million, which is the

BoA Survey: Millennials Confident, Yet Stressed About Money

According to the new Better Money Habits Millennial Report from Bank of America, while 84 percent of Millennials are self-reliant when it comes to managing their own finances, 41 percent are constantly stressed about money. Moreover, the report found that money stress

Builder Confidence Hits Highest Level in 10 Years

Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells

Miami Real Estate Professionals Are Earning More

The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Miami, 2014 salaries for loan officers

Douglas Elliman Releases Q3 Market Report

Miami continues to remain an incredibly diverse and dynamic market as we move further into 2015, with a particularly strong emphasis on luxury. However, as Douglas Elliman’s Q3 market report shows, gains in sales and prices have tempered since

62% of Americans Have Almost No Savings

Yet another study finds that a majority of Americans are on financially insecure footing Sixty-two percent of Americans have inadequate savings. That alarming statistic was the main finding of a Google Consumer Survey that GoBankingRates, a national website that

CoreLogic: Magic City Inches Closer to Foreclosure Normalcy in August

Recovery continues as foreclosure levels dropped yet again in August. National foreclosure inventory fell 25.2 percent year-over-year and completed foreclosures dropped 20.1 percent, according to a new report from CoreLogic. The latest decline in foreclosures is only the latest step

State’s Billion Dollar Foreclosure Prevention Program “Lagging Behind”

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released an audit this week that criticized the Department of the Treasury and Florida Housing Finance Corporation over their management of a controversial, billion-dollar program aimed to keep struggling families in

Miami Among Nation’s Top 20 Markets

The Urban Land Institute released its 2016 Emerging Trends in Real Estate report and survey recently – the 36th edition of the institute’s trends and forecast report – providing analysis of the nation’s top real estate markets, and subsequently

9 Surprising Stats about the State of Housing in 2015

Housing has made considerable progress the last few years, but elements of the downturn still linger. Recently, there have been many promising developments in housing. New construction, for instance, is becoming more affordable, and new home sales are up

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