Current Market Data
This year is shaping up to be a remarkable one for new construction in Miami. After several prominent years in the shadows, it seems that 2015 is shaping up to be Miami’s best year yet of new construction. According to the
Housing may have taken a beating during the downturn, but its reputation has recovered marvelously in the public’s eye. Americans consider real estate as their best long-term investment, according to a new survey by Gallup. That’s the second year
A new CoreLogic report shows that falling REO numbers are helping bolster home sales and reduce distressed sales. Distressed sales, including real estate-owned and short sales, continued tumbling in February, falling 0.8 percentage points from January and 3 percentage points
NAR’s report showed improvement in pending home sales, but also an increase in the share of traditional buyers compared to investors. Spring is in full bloom, bringing with it a wave of antsy buyers who are ready to make
All the evidence suggests that renters are not rushing to the homebuying sphere. It would seem to be a perfect environment for homebuying. Not only are rents rising by considerable amounts, but relative to the costs of homebuying, it currently
How are home prices looking, as the spring market gears up for action? Home prices in the Miami area continued their radical ascent in the latest Case-Shiller Home Price Indices from Standard & Poor’s. Per the Case-Shiller’s analysis, home prices in
A new study from NAR shows more than 50 percent of brokerages are failing their agents in terms of providing proactive safety procedures. On Sept. 31, 2014, after an exhaustive search, Little Rock, Ark. police found the body of
A profile of the ultra rich from around the world reveal some interesting facts about luxury real estate buyers. Luxury is a butterfly concept, fluttering about the industry with a thousand hands trying to grab hold. But the idea of luxury
Student loan debt may be an even bigger problem than we initially thought. Here’s an eye-opening statistic – 31.5 percent of Americans who are paying down their student debt are at least a month behind on their payments. That
Some news outlets are hyperventilating about the latest new home sales report, but the reality is more encouraging. The Census Bureau released its latest report on new home sales this morning, and on the surface, it’s a doozy. Finishing
A new report from MIAMI and the local MLS paint Miami as one of the nation’s most active markets. Miami continued showing its strength in March, as international and domestic buyers fueled another month of improving sales, prices and
After a storming couple years of sales, is Miami’s housing market showing signs of a slowdown? Miami may have garnered a well-deserved reputation for a lively, fast-moving real estate market, but there are signs that the market could be slowing down. According
NAR home sales report brings optimism. The National Association of Realtors released its existing-home sales report for March, and the early verdict is good, with sales, prices and inventory showing strong signs of improvement. Across all property types, existing-home sales
While banks took over the majority of flipping in the downturn, with high prices and low inventory, investors are again reentering the game. In the wake of the financial crisis, when home prices were low and demand nonexistent, the
The explosion of the legal cannabis market is have a significant impact on real estate. Here’s what you can expect… Breaking taboos and dusty standards, the impact of marijuana is proving more economically beneficial than previously imagined, leading to
We may think we have a firm grasp of our market’s value, but new research suggests that’s not the case. Miami homeowners undervalue their listings by 1.26 percent, at least compared to what certified appraisers judge as the value of the
