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

Current Market Data

Pending Home Sales Fall, Suggesting Market Slowdown

Contract signings declined for the first time in 2015, according to new research Pending home sales declined 1.8 percent from May to June, according to new analysis from the National Association of Realtors. Although the Pending Home Sales Index,

Miami Home Prices Rise in Latest Case-Shiller

Home prices were positive for the Miami housing market in May’s Case-Shiller Home prices in the Miami housing market rose 0.8 percent from April to May, and 8.0 percent from May 2014, according to the latest Case-Shiller Home Price Indices from Standard

New Home Sales Rise to Best Level Since 2008

The news for new home sales was much better than the Census Bureau’s report led on Sales of new homes in June were at a seasonally adjusted annual rate of 482,000, a 21.2 percent year-to-date increase from 2014 that

Like-Kind Exchanges In Legislative Crosshairs

Lawmakers threaten to end like-kind exchange tax provisions, but some say the cost would be too great There’s a contingent of lawmakers and government officials lobbying to alter the face of like-kind exchanges, with some hoping to outright repeal the

CoreLogice: Magic City’s Trick to Lower Cash Sales

CoreLogic released its April cash sales report today, and as has been the trend all year, cash sales declined year-over-year, bringing national levels closer to the pre-crisis baseline of around a 25 percent market share. In April, cash sales

5 Revealing New Construction Trends in 2015

According to Census Bureau calculations, June was one of the best months of new construction in some time…but the truth is more complicated Building permits rose 7.4 percent monthly and 30 percent year-over-year in June, according to the latest  construction

Miami Posts Largest Foreclosure Declines in Nation

Miami’s foreclosure market has improved markedly in the last year, according to RealtyTrac In the first half of 2015, foreclosure activity in the Miami metropolitan area fell 30 percent from the same time period last year, according to RealtyTrac’s Mid-Year 2015

CoreLogic: Foreclosures Fall Big in Florida

CoreLogic May foreclosure report documents continued improvement in inventory and seriously delinquent mortgage rates Today, CoreLogic released its May 2015 National Foreclosure Report, which highlighted steep declines in completed foreclosures and foreclosure inventory, as well as the falling serious

Foreign Homebuyers Discouraged by Strong Dollar

Throughout the first four months of 2015, home sales in the U.S. were the best they’ve been in eight years. Helped by a one-half percentage drop in fixed mortgage rates, home sales from January to April this year surpassed

Miami Worldcenter Development Adds 10,000 Construction Jobs

New Miami Worldcenter development brings in thousands of new construction jobs Construction jobs are coming to some of Miami’s lowest income neighborhoods, building on the previous 12 months of job growth, which already saw a substantial rise in construction sector employment.

Global Economic Turmoil Halts U.S. Mortgage Rate Increases

U.S. mortgage rates were increasing at steady clip in 2015 until global economic events intervened The economic turmoil in Greece and China could possibly benefit U.S. homebuyers. That cause and effect was the chief finding in Freddie Mac’s latest Primary Mortgage

CoreLogic: Magic City Prices Surge in May

CoreLogic has released its May Home Price Index, revealing another month of positive gains. Marking 39 months of consecutive year-over-year gains, national home prices, both including and excluding distressed sales, increased 6.3 percent in May compared to the same

Miami Falls Big in Labor Rankings

CareerBuilder releases new labor market rankings In late May, CareerBuilder released its second quarter Labor Market 150 Index, which attempts to evaluate and rank the country’s largest metros. Using data from the employment website’s data arm, EMSI, or Economic

Miami Residential Construction Slowing in 2015

2015 shaping up to be a modest year for new construction in Miami Residential construction spending in the Miami area was down 19 percent year-over-year in May, and so far in 2015 is 14 percent ahead of where it was last year. Those were

Miami Rents Soar Further in Second Quarter

How has Miami’s rental market developed in 2015’s second quarter? New data from Reis provides some perspective. Miami’s rental market has been one of the hottest in the nation, and new numbers from Reis on the second show show that

5 Important Housing-Related Details from the New Jobs Report

What details in latest jobs report bear the most significance for housing? The nation’s unemployment rate fell from 5.5 to 5.3 percent in June, while the overall economy added 223,000 nonfarm payroll jobs, according to the Bureau of Labor

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