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Current Market Data

Why is Builder Confidence So Out of Touch with Reality?

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;

Majority of Miami Residents Now Live in Rental Housing

Just how dramatic has housing shifted towards rentals, in the last seven years? Sixty-five percent of Miami residents now live in rental housing, up from 60 percent in 2006; as if that weren’t enough, the renter population in Miami is up 25 percent in

3 Reasons that Mortgage Rates Remain So Darn Low

Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature

Multifamily Construction Picks Up Where it Left Off in 2015, Drives Market

It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts

Fed Study: Student Debt Clearly Pushing Down Millennial Homeownership

A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market

Brazilians Find New Home in Miami

Brazilians are spending more money in the U.S. than ever…and Miami is benefitting big. A port of indulgence for Brazil’s elite, Miami has catered to South American investors for decades, helping them funnel huge sums into lavish, coastal condominiums.

Miami Shows Strength in Q4 Report

The Magic City ended 2014 well, but several problems are still likely to plague the South Florida market in the new year. Miami’s housing market performed well in the final months of 2014, leveraging a surge of consumer confidence

Are Certain Kinds of Mortgages Easier to Attain Than Others?

The last couple weeks, we’ve been analyzing exclusive numbers from the CoreLogic Housing Credit Index, a detailed look at mortgage availability. Our central question has been a simple one: is it any easier, nowadays, to attain a mortgage? And after

Miami Remains No. 1 Market for Cash Sales

CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to

3 Promising Graphs on the Nation’s Mortgage Markets

It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite

In Miami, Mortgage Applicants Denied Nearly Twice the National Averages

Minority groups have a harder time accessing mortgages in the U.S., including here in Miami. In the Miami metro area, 21.2 percent of mortgage applicants are denied in their quest for conventional mortgages, according to a new analysis from Zillow; that’s not only substantially

Florida Foreclosures Falling; Still Above National Levels

Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s

RealtyTrac: A Rise in Zombie Foreclosures a “Good Sign”?

Hundreds of thousands of homes have fallen into zombie foreclosure, RealtyTrac says, but it might not be the worst thing ever. In RealtyTrac’s recently released Q1 2015 Zombie Foreclosure Report, the real estate research company discovered that of the

Miami Begins 2015 with Modest, Realistic Price Gains

Miami did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Miami began 2015 on a sound note, according to the Trulia Price Monitor. Though prices were up a healthy 11.3 percent year-over-year

Do the Seasons Really Make a Difference in Miami Real Estate? Not Really

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

3 Highly Positive Details in the Government’s New Jobs Report

There were some very positive things to report in the government’s latest job numbers. The U.S. economy started out 2015 with a bang, adding 257,000 jobs in January, according to the latest report from the Labor Department. Of course, there

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