Current Market Data

The Latest New Home Sales Report, in 5 Easy Steps

The government came out with its latest report on new home sales late last week, but what do all those numbers actually mean? #480983989 / gettyimages.com We’ll get the obvious information out the way first: according to the latest numbers

Miami Home Prices Post Double-Digit Increase in Case-Shiller

In general, home prices have been slowing down a bit in 2014; was that the case in our market, according to the latest Case-Shiller? #140196782 / gettyimages.com Home prices in the Miami area rose by both monthly and yearly measures

NAR Report: Why April is the Month for Existing-Home Sales

After falling the first three months of the year, existing-home sales reversed course in April, according to NAR. #176580616 / gettyimages.com Early Thursday morning, the National Association of Realtors released a report showing that in April, and for the first

Miami Housing Market Starting to Find Solid Footing

Miami’s housing market is finally beginning to fire on all cylinders – though full speed may be a ways away. #150359427 / gettyimages.com It’s been a long road for home buyers and sellers in Miami. Much like other major metropolitan

Appraisal Complaints Way Down in 2014, but Structural Flaws Persist

Bad appraisals were one of the more implicit side effects of the housing downturn, but is the worst behind us? #83590748 / gettyimages.com Forty percent of any demographic is an awfully large chunk of people, and in 2010, at

Negative Equity Persists in Miami in a Mega Way

Though home prices have risen, negative equity continues to affect many homeowners – though not equally. #459305223 / gettyimages.com Home prices have risen in dramatic ways the last couple of years, but quite a few properties remain in negative

The 7 Key Things to Know About the New Construction Market

As usual, many media outlets have been focusing on the screaming headlines on construction, but more important trends simmer below the surface. #466064835 / gettyimages.com By now, you’ve surely seen the screaming headlines – in April, housing starts skyrocketed

11% of Real Estate Agents Cannot Write

We’ve all seen listings with lackluster writing and grammar, but how common are those listings across the industry? #461174833 / gettyimages.com Bad grammar. Misspellings. ALL CAPITAL LETTERS. Oh yes, we’re talking bad writing in real estate listings, something we

Great News: Delinquency Rate Falls to Lowest Level Since 2007

The U.S. mortgage markets have been improving gradually the last couple years, but the latest MBA data marks a significant accomplishment. #486080083 / gettyimages.com Yesterday, the Mortgage Bankers Association (MBA) graced us with a wonderful piece of housing news

Builder Confidence Continues to Slip in May

May was another lackluster month for confidence in the homebuilding sector, according to the NAHB, as homebuilding ran into some economic barriers. #479533631 / gettyimages.com Builder confidence in the market for newly built, single-family homes in May fell one

The 5 Simple Reasons that Millennials are Not Buying Homes

Why on earth are Millennials not buying homes? It turns out there are pretty straightforward reasons behind their absence. #171287367 / gettyimages.com The housing market has, thus far in 2014, been putting up some pretty lukewarm numbers, and the relative

Miami Market Less and Less Accessible for Middle Class Buyers

We often hear about how vital homeownership is to the middle class, yet new data suggests that owning is not as feasible in our market as one would think. #485210071 / gettyimages.com Homeownership and the middle class go together

3 Things to Know About the Most Powerful Man in Housing

Mel Watt, the recently installed head of the FHFA, delivered his first major address on housing this week; here were the main takeaways. #171644428 / gettyimages.com Mel Watt, who is the director of the Federal Housing Finance Agency (FHFA),

Shocker: Even FICO Thinks Lending Standards are Too Tight

It’s one thing for NAR to think that lending is too strict, but now even FICO has thrown its voice into the mix. #182982451 / gettyimages.com For some time, tight lending standards in the post-bubble housing market have been

Vast Majority of Miami Listings Below Conforming Loan Limits

With talk in the air about overhauling Fannie Mae and Freddie Mac, how much sway does conforming loan limits have on our market? #157336161 / gettyimages.com Fannie Mae and Freddie Mac, the massive government-sponsored entities that are responsible for the

Trulia: Asking Prices in Miami Continue Their Ascent

Prices have risen strongly thus far in 2014, and April only continued that hot streak. #122676840 / gettyimages.com Miami’s home price increases in 2014 continued in April, with asking prices rising 13.6 percent yearly and 2.9 percent quarterly, according to the latest

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