Current Market Data

Down Payments are Down, but are Home Sales Up?

Down payment trends may hint at first time homebuyer confidence The average down payment for single-family homes, condos and townhomes was down to 14.8 percent of the purchase price for Q1 2015, the lowest number since Q1 2012, according

Is Miami’s Luxury Housing Market Falling Behind?

Could Miami’s strong luxury housing market be slowing down? Sales prices for Miami’s luxury housing market slipped behind the general marketplace this year, according to a new Redfin analysis of the nation’s luxury markets. Redfin’s study analyzed the top 5 percent of

7 Important Things about Housing in the Government’s New Jobs Report

Latest jobs report features interesting implications for housing May was a positive month for the U.S. labor market, with the economy adding 280,000 jobs and the unemployment rate holding steady at 5.5 percent, according to the latest analysis from

CoreLogic: Miami Homes Appreciate in April

New study from CoreLogic reveals how prices are changing around the country Marking more than three years of consecutive year-over-year growth, home prices nationwide, including distressed sales, pushed forward another 6.8 percent in April, according to a new report

Miami-Area New Construction Up 19% in 2015

This year proving to be especially positive for Miami new construction Residential construction spending in the Miami area totaled $433 million in April, an 11 percent decrease from the $487 million of April 2014, according to the latest report from Dodge Data &

Hispanics will be Key Driver of Housing’s Future

The Hispanic demographic struggles to recover from housing crash, but could become a big shaker in future markets Between now and 2020, roughly four out of every 10 new households in the U.S. will be headed by someone of

Hidden Truth Behind 2015’s Soaring New Home Sales

Last month’s new home sales appear hugely positive, but is there a hidden truth behind the numbers? On the surface, it would appear to be a wholly positive development for housing – sales of newly built single-family homes, according to

Miami Home Prices Among Strongest in U.S.

Home prices in Miami were strong as ever in the latest Case-Shiller report Home prices in the Miami area rose 1.0 percent from February to March and 8.7 percent from March 2014, according to the latest Case-Shiller Home Price Indices from Standard

FAA Awards Commercial Drone Exemptions

Federal Aviation Administration approves 400-plus commercial drone exemptions As of late May 2015, the Federal Aviation Administration had granted 434 section 333 exemption petitions, which allow for the commercial use of unmanned aerial vehicles, or drones, and among them,

Miami Home Sales on Hot Streak, Condos Cool

Miami prices and sales up according to new report Miami sales continued piling up in April as demand, inventory and job growth remained healthy, a new report from the Miami Association of Realtors (MIAMI) and the local MLS found. More

Home Prices: Strong or Overvalued?

States have tried to keep price appreciation in check, but some markets have stepped into overvalued territory Since 2007, when the economic downturn that sent the nation’s housing market into a smoking tailspin began, lawmakers and industry influencers have

Freddie Mac Research: Rising Rents Do Not Increase Homeownership

New Freddie Mac research casts doubts on notion that rising rents push consumers toward homeownership It has been a common narrative in the post-boom housing market that rising rents would eventually push more consumers toward homeownership, but new research

RealtyTrac: Florida Still Swamped in Foreclosures

RealtyTrac foreclosure report showed  increased activity In a market still reeling from an onslaught of foreclosures dating back early a half-decade, any news of foreclosures that approaches negative is likely to put the industry on edge, which is why RealtyTrac’s

NAR: Strong March Leads to a Weak April

NAR documents 6 percent jump in existing-home sales Market indicators have detailed a continual progression towards normalcy since early 2014, but a hiccup in April’s existing-home sales could mark yet another slow down in the pace of progress, according

Is the Weak Economic Recovery Hampering Homebuilding?

After a strong series of months, builder confidence has been a bit bumpy thus far in 2015 Builder confidence has been one of the unqualified success stories of the housing recovery, but weak economic fundamentals could hamper its progress.

5 Critical Details about New Construction in 2015

April new construction numbers excellent, but stats could be misleading On the surface, April was a fabulously positive month for new construction. Not only did housing starts jump 20.2 percent from March (the second largest jump ever recorded), but their

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