Current Market Data
There’s very little that’s conventional in terms of how homebuyers today finance their purchases, as 2014 draws to a close. In our most recent story on NAR’s 2014 Profile of Home Buyers and Sellers, we looked at how consumers
New investment into transportation demonstrates Miami’s eagerness to modernize. In July, we ran an article touting Miami’s recent push for walkability. According to a report from The George Washington University School of Business, Miami, joining a much longer list
Contract signings are down late in the year but still above average. The latest Pending Home Sales Index report from the National Association of Realtors showed a slight dip in pending home sales in October. Still, levels remain healthy
One aspect of the economic recovery could haunt the housing market far beyond its current cycle. Seven million is a big number, and unfortunately –for both the housing market and the wider economy – it’s attached to a remnant of the Great
Everybody wants a new home, but fewer people will be able to afford them at this rate. Newly built single-family homes are extremely expensive. That was the big takeaway from the latest new home sales report from the Census
It would appear to be a glaring contradiction in the nation’s housing market, but a bit of flip-side thinking immediately clears things up. The HMI, the NAHB’s measurement of builder confidence, rose yet again this month, jumping four points
While home prices slow nationwide, they just keep on increasing in our metro area. Exceeding expectations was the name of the game for home prices in the Miami housing market, which in September rose 10.3 percent year-over-year and 0.6 percent from August, according
Sure, existing-home sales were up, but there was another side of NAR’s report that suggested even better things for housing. Last week, the National Association of Realtors announced that existing-home sales in October posted their first yearly increase in
Google’s first foray into housing data has yielded some encouraging – albeit sobering – numbers for the housing recovery. Earlier this month, we reported that Google and Auction.com were diving head-first into the real estate data game with NowCast,
Increased sales activity has reinvigorated homeowners, convincing many to sell. Strong demand and a willingness, if not an eagerness, to buy is helping Miami sellers regain confidence and further alleviate the long-standing inventory shortage that has crippled the local
The manner in which prospective homebuyers search for residences suggests very interesting things about the housing market. About a month ago, we reported on what has been a radical upheaval to how real estate functions: 43 percent of homebuyers
As has been the case for some time now, the residential construction market rose and fell on the strength of multifamily housing. Residential construction saw disappointing numbers in October, and as has been the case during the whole housing
The term “affordability” is thrown around quite a bit, but when it concerns the middle class, the scenario is all the more interesting. Miami is the tenth least affordable metro areas in the nation, with 41 percent of the area’s housing stock
Looking for a good mortgage rate? All you need is good credit and a lot of money. In recent years, expectant homebuyers vying for a good mortgage rate have faced dire odds as once loose lending standards continue tightening
Though Americans feel better towards housing, wider economic concerns persist – which, in turn, affect the housing market. It’s become quite clear, in 2014, that housing’s recovery will depend in large part on wider economic trends, and that until
Seventy-seven percent of buyers say they’ll know immediately when they’ve found their ideal home, according to a survey of about 2,500 Americans by BMO Harris Bank. Unfortunately, the house hunting process takes time, and not all buyers exude confidence during
