Current Market Data
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 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
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
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
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.
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
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
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,
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?
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
Could sky-high rents be the final push Millennials need to buy a house? Record-low home prices and historically low mortgage rates have not been enough to entice Millennials to buy homes, but now analysts have struck on another economic
Home prices in Miami are growing, and at a rapid rate. Miami home prices posted lukewarm numbers in the latest Case-Shiller Home Price Indices, which looked at data from Dec. 2014 to Jan. 2015. From December to January, Miami prices were
A new survey from Redfin shows a shift in how consumers are approaching the agent selection process. It’s a new world in the wake of the financial crisis, a new survey from Redfin shows, one where tethers to quality have
Pending home sales are at their highest mark in nearly two years, and all because of one thing. Pending home sales in February rose to their highest mark since June 2013, according to the latest Pending Home Sales Index
Housing affordability is a major problem, and new research has added an additional wrinkle to the crisis. Housing affordability (especially in the new home market) may be worsening nationwide, but it has nothing on the affordability squeeze facing renters
What was the deal with our local new construction marketplace last month? February proved a lukewarm month for residential new construction in the Miami area, according to new numbers from Dodge Data & Analytics. For the month, residential construction in Miami totaled
