Current Market Data
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
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
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
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
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
Over the last year, distressed home sales have become far less prominent in Florida’s housing market Distressed sales throughout Florida comprised 16.3 percent of all home sales in May, a marked drop from the 30.1 percent market share of a year
Residential construction spending may be up in 2015, but some areas performing better than others Residential construction spending was at a seasonally adjusted annual rate of $359.5 billion in May, according to the latest data from the U.S. Census
Home prices positive in latest Case-Shiller, but are there signs of a slow down? Home prices in the Miami area posted strong gains in Standard & Poor’s latest Case-Shiller Home Price Indices, rising 0.9 percent from March to April and 8.5 percent from
Construction is down in the market’s lower end, and economists say they know why The construction industry continues to make strides bringing more new homes to the market, a Census Bureau report on housing permits recently showed. But while
May was a solid month for pending home sales activity, but uncertainty remains for housing’s future Pending home sales continued their hot streak in May, rising by monthly and yearly measurements to their highest level in nine years, according to
Two surveys, one from Bankrate and another from Capital One, spotlight Americans’ financial insecurities Twenty-nine percent of Americans have no emergency savings, and another 21 percent only have enough savings to cover three months of expenses. Those troubling statistics came
Progress has been made on negative equity front, but troubling trends persist In the Miami housing market, 17.4 percent of mortgage holders remain underwater, and a majority will not reach positive equity for some time. That was the sobering finding of
Median sales prices for Miami single-family homes and condominiums each registered double-digit growth while total residential sales increased in May, according to a new report by the MIAMI Association of Realtors (MIAMI). Single-family home transactions — which set an all-time
Some builders have avoided green building for fear of costs. Turns out, it could help them make money Environmentalists have long urged developers to design more green buildings, but faced with the high immediate cost of sustainable materials and
Many wonder why renters are not buying homes at a higher rate, but when one analyzes the numbers, it makes perfect sense. First, there was the notable study from John Burns Real Estate Consulting, which found that only 14.7 percent
How builders should prepare for TILA-RESPA Pending the approval of a proposed amendment to extend its compliance deadline to Oct. 1, in less than two months, the real estate industry will find itself operating under of TILA-RESPA. Depending on
