Current Market Data

Miami Posts Nation’s 2nd Best Price Growth in New Case-Shiller

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

3 Remarkable Charts on How Construction Has Shifted Towards Multifamily Developments

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: Out-of-Towners Help Miami Grow

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

NAR: Existing-Home Sales Hit Nine-Month Low

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

Axiometrics: Rent Growth Strong in South Florida, Slowing in Miami

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

Bad News For the Middle Class = Bad News For Housing

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

Metrostudy Names Most Active Building Communities in South Florida

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.

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

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