Current Market Data
The latest price index from CoreLogic covered home prices through January. Home prices in the state of Florida rose 6.5 percent year-over-year in January, according to the latest Home Price Index from CoreLogic; when distressed sales were excluded, that increase jumped
January may have seemed like a disappointing month of construction, but a deeper look at the trends reveals much to smile about. Overall construction spending in January was at a seasonally adjusted annual rate of $971.4 billion, according to the
Pending home sales shot up in January, suggesting positive numbers down the road. Pending home sales hit their highest level in 18 months in January, according to the latest analysis from the National Association of Realtors. The Pending Home
In the end, buying a home all comes down to dollars and cents, and Miami’s qualifying incomes differ in interesting ways with the rest of the U.S. To qualify for a mortgage on a 5 percent down payment, Miami homebuyers
First-time homebuyers are a scarce bunch, these days. Just when it seemed that the news on first-time homebuyers could not get any more distressing, here comes a new report from RealtyTrac to pour salt on the wounds. In short,
It’s a whole new world out there for new construction, as stunning stat after stunning stat drives home. The Census Bureau’s latest report on new single-family home sales is out, and its findings, at least on the surface, were
SmartAsset evaluated refinancing around Florida and the country to find that Miami residents are saving more. In Miami-Dade County, Miamians are saving more each year on mortgage refinancing than anywhere else in the state, an analysis from SmartAsset, a personal finance
The past few months, we’ve reported on the many thorny issues facing Millennials – that their wages in many industries have plummeted in recent years; that their savings rate is negative; that they have pushed roommate rates up to
Miami continued to lead the pack in the latest Case-Shiller Home Price Index. Home prices in the Miami metro area put up sterling numbers in the latest Case-Shiller Home Price Indices, rising 0.7 percent from November to December and 8.4 percent from Dec. 2013. Not
In a recent article on new construction, we reported that the multifamily share of total construction had risen from 17.2 percent of the market in Jan. 2002 to 35.1 percent of the market in Jan. 2014. Such a striking
Miami continues to grow despite seasonal slump thanks to international and northeastern demand. Miami was 2014’s hotbed market, breaking records with high sales and surging prices, despite inventory shortages. A new report from the Miami Association of Realtors and
Agents are working hard to make 2015 a profitable year, but low inventories are keeping sales slow. January marked the start of a new year, but it was hardly the hit the ground running beginning the market was hoping
Rental rates continued climbing into the new year, setting the pace for a strong performance in 2015. Miami renters felt the sting of increased rates in January, as growth continued to surge in South Florida, according to apartment market
Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with
A new fourth quarter from Metrostudy highlights the building gains South Florida had in the final months of 2014. Building took a slight slump in the final months of 2014, falling 16 percent from the third to fourth quarter.
Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;
