Read Today’s Top Story: Miami-Dade home sales increase again

Current Market Data

Are Miami Home Sellers Undervaluing Their Properties?

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

The Top 5 Reasons People Buy Homes

Many people buy houses, but what are the specific reasons for those purchases? The answers may surprise you. Why did American consumers purchase homes in 2014? And how did those reasons differ generation to generation? In our continuing coverage

Do March’s Disappointing Homebuilding Stats Suggest Market Weakness?

Last month’s homebuilding numbers were a big letdown – what does that suggest about the larger economic climate? Housing construction turned in a disappointing month in March, according to the latest analysis from the U.S. Census Bureau. The numbers were

Douglas Elliman: South Florida Market is Bouncing Back to Normal

Douglas Elliman’s 2015 Q1 report found a market rebounding from a slumping winter. Today, Douglas Elliman released its 2015 first quarter market overview, dissecting a number of South Florida’s premiere real estate markets, including Miami’s mainland, Miami Beach, Boca

3 Reasons To Be Optimistic on Housing in 2015

Freddie Mac is optimistic on housing in 2015, and for a number of reasons. One of housing’s most active participants is highly optimistic for the industry’s future, though even it acknowledges that challenges remain. That was the main takeaway

CoreLogic: Miami Clears More Foreclosure Than Any 2 States

Foreclosure levels fall across the country, but remain well above pre-crisis levels. CoreLogic today released its February 2015 National Foreclsoure Report, and the findings were indicative of a trend we’ve been seeing since last year, which is decline. Since

The Suburban Switch: How Longer Commutes Affect Homebuying

Suburban sprawl is giving way to walkability. But what does this mean for the people stuck in the suburbs? The lay of the land is changing. Where once work and life shared common vicinity, these days, people, whether by

It Takes Just 2 Years to Break Even on a Miami House – With Big Conditions

It takes a very short amount of time to break even on a house nationwide, but such privileges come with significant conditions. It takes just 1.7 years to break-even on a mortgage in Miami, meaning the point at which the total

5 Troubling Signs of Consumer Uncertainty in Housing and the Economy

Despite recent improvements, there remain considerable uncertainties for consumers when it comes to housing and the economy. Everywhere you look, nowadays, there seems to be a new study or report proclaiming good news about both housing and the greater

Home Price Growth Far Outpacing Wage Growth in Miami

Sure, home prices are rising, but is that really a good thing, other economic indicators considering? Home prices have grown faster than wages in 76 percent of U.S. housing markets in the last two years, and Miami – where home

The Secret Reason Why Housing is So Slow to Recover

New economic research suggests a very good reason for why the housing recovery has been so tepid. Interest rates remain at historic lows. Rising rents have rendered mortgages as much as 50 percent cheaper in some spots in the country.

CoreLogic: Florida Inventory Drives Price Gains

Moderate home price gains in February suggest the market may be stabilizing. Home prices continued their strong ascent in February, according to CoreLogic’s newest Home Price Index. Including distressed sales, home prices climbed 5.6 percent from the same time

Transit and Real Estate: The Importance of Moving Forward

Miami is ranked as one of the world’s most congested cities. What are the options? Miami is in a state of positive flux, where building is helping the city transition from an appealing American vacation destination to one of

The 5 Things You Should Know About the New Jobs Report

Did job growth slow in March, or continue on its strong, steady path? The Labor Department announced earlier today that the U.S. economy added 126,000 jobs in March, which not only ends a 12-month streak of 200,000-plus jobs added,

Miami’s Rental Market Continues to Shine

It’s been common knowledge that Miami’s rental market is growing strongly, but is that still the case? For some time now, Miami’s rental narrative has been remarkably consistent, one of rising rents and high demand. Did that trend continue in 2015’s first quarter, though?

Location, Location, Location: A New Mantra

A new study from Logwood University attempts explains the relationship between an agent’s effort and the property’s location. A new study from Logwood University in Farmville, Va. is emphasizing the importance location plays in the home selling process, but not

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