Current Market Data
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 –
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,
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
Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their
Recent grads may fear buying a home because they are stressed from student loans and starting their lives. Some grads’ professions, though, will make them more prepared to purchase a home than others, and Realtor.com has put together a list
Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong
A new survey from Bloomberg Business anticipates that the next recession will occur in 2018. The survey was taken from a median average of 3o economists. They report that there is a 10 percent chance of a recession headed in
During the 2005 to 2007 bubble years, the gap between home prices and the long-run sustainable values in the U.S.’ largest 100 markets was approximately 10 percent, meaning that housing was 10 percent overvalued to its fundamentals. When the market
According to a new National Association of Home Builders study, 70 percent of builders generally use between 11 and 30 subcontractors to build one single-family home. On average, a typical builder would use 22 subcontractors to build a house. Here is
New research from RealtyTrac has found that Dec. 31 is the best day to buy a house in Miami; according to the data, average buyers on that day see a 13 percent discount below estimated market value. Thats two months earlier than Oct.
In 2014, the share of new homes with 5,000-plus square feet rose to a post-recession peak of 3.75 percent of new homes started, or 24,000 units, according to the Census Bureau’s Survey of Construction. Back in 2006, the new construction boom
Foreclosures continued losing market share in July, as inventory declined 27.9 percent from the same time last year, with completed foreclosures dropping 24.4 percent, according to CoreLogic’s latest report. Foreclosure inventory represented 1.2 percent of all mortgaged homes in
Around the nation, the risk of natural disasters varies depending on a number of factors, including geographical makeup and location. In its 2015 U.S. Natural Disaster Housing Risk Report, RealtyTrac found that 35.8 million single-family homes and condos, or
Home prices were up again in July, according to a new report from CoreLogic. Year-over-year, home prices, including distressed sales, jumped 6.9 percent nationwide, while excluding distressed prices increased 6.7 percent. The price increases reflect an overall strengthening of
Every year, heavy rains and high tides force coastal sea levels surrounding South Florida to rise, which result in serious flooding for the Magic City, particularly in Miami Beach. Concern is only growing as the implications of climate change
Miami has found its footing as a truly international city, attracting buyers and investors from literally around the globe, including heavy interest from China, where an economic crisis is convincing residents to take their money elsewhere. However, despite its
