Current Market Data
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
Approval of $17.5 million section of TriRail through Overtown offers low income area opportunity to improve walkability As Miami continues construction on its ambitious All Aboard Florida project, which aims to link Miami’s downtown with Orlando, the city is
Institutional investors leaving real estate, but Americans still confident housing is a good investment In the immediate wake of the economic downturn, the housing market took a plunge that was devastating for homeowners but ideal for the opportunistic. In the years
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,
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
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
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
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
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’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 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
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
