Read Today’s Top Story: Miami-Dade home sales increase again

Current Market Data

5 Reasons the Mortgage Crisis May Be Ready for Round 2

 We’ve made considerable headway into repairing the damaged caused by the first mortgage crisis, but another one could be right around the corner. One of the more frustrating aspects of economics is the innate difficulty in assessing and predicting

Housing Inventory Not in Favor of First-Time Homebuyers

Though overall housing inventory is showing signs of recovery, it’s not progressing in a way that helps first-time homebuyers. According to the National Association of Realtors, 2014 has been a very good year for housing inventory. After falling precariously

How Much is $1 Million, Really?

 $1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others. How much is $1 million, in the grand scheme of things? According to some very interesting

CoreLogic Report Examines Growing Home Prices

Home prices continue rising, CoreLogic finds, but the geographic drivers of the increases may be shifting. Home prices continued to show signs of improvement in July, according to the latest Home Price Index report from CoreLogic. Nationwide, home prices, including

5 Reasons We Could See the Strongest Autumn Selling Season Since 2008

Autumn has traditionally been a slow selling season, but Redfin analysis suggests that may not be the case in 2014. It’s a seasonal trend as tried and true as any in American business – the strong summer homebuying season

Census Bureau: Residential Construction Flat in July

Residential construction was basically flat in July, though it remains ahead of 2013’s pace. Residential construction spending through July was at a seasonally adjust annual rate of $358.1 billion, a 0.7 percent increase from June, according to the latest

Negative Equity Heavily Concentrated in Lower Price Points

Negative equity persists in today’s housing market, but its impacts are not equally felt in every price point. Earlier this week, we reported on new findings by Zillow that a whopping 42.6 percent of Generation X mortgage holders are

Residential Construction in Miami Stumbles in July

Construction spending stumbled a bit in Miami in July, though it’s more an outlier than anything else. Residential construction spending in the Miami region totaled $307 million in July 2014, a 27 percent decline from last year, according to the latest stats

July Pending Home Sales Offer Pleasant Surprise

Pending home sales rose for the fourth time in five months, according to the National Association of Realtors. Pending home sales rebounded in July, rising 3.3 percent from June according to the latest data from the National Association of

The Limitations of $1 Million in International Real Estate

$1 million sure goes much farther in our local housing market! In our housing market, as well as scores of others across the U.S., $1 million is a hefty sum of money, one that awards potential homebuyers a myriad

New Report Talks Miami Affordability

The U.S. housing market has been in recovery mode the last two years, and despite gains, some areas remain in dire straights. If the real estate industry can be thought of as its own world, then consider the bursting

Falling Foreclosure Rates Represent A Housing Market That’s Bouncing Back

New CoreLogic report finds that even though foreclosures are still around, their presence is much less pronounced. In 2013, foreclosures were at the epicenter of the housing conversation. However, after a year of tirelessly closing short sales and pushing

Miami Residential Construction Still Down Substantially From Historical Norms

Though our marketplace has traversed quite the terrain since 2008, new data shows that it still has quite a bit of ground to cover. We report quite regularly on building permits at the national level, but how have permits

Generation X Still Racked by Underwater Mortgages

Though the U.S. has cleared through millions of underwater mortgages, a shocking number of Gen X mortgage holders are still underwater. Seventeen percent of the nation’s homeowners – aka 8.7 million – are still underwater on their mortgages, but

Housing Affordability Returning to Earth

Housing affordability has been one of the key marketing tools in an agent’s arsenal, but that could be changing soon. During housing’s down years, agents had a couple of marvelous talking points to use with potential homebuyers – housing prices

Why NYC Brands are Flocking to Miami

There was a time when Miami was a cultural backwater of sorts, a seasonal destination clad in Art Deco architecture from its former heyday as an Oceanside playground catering to the likes of F. Scott Fitzgerald. While its population

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