Current Market Data

Will Rising Mortgage Rates Lead to Lower Home Sales?

It’s the big question on everybody’s mind – will the rising mortgage rates of the last couple months produce a noticeable fall in home sales? Mortgage rates have been on the rise the last couple months. Since the beginning

Census Bureau: New Home Sales Jump 38.1 Percent in June

June was a rollicking good month for new residential home sales, which posted strong increases on both monthly and yearly measures. New single-family home sales were up 38.1 percent year-over-year in June, in addition to an 8.3 percent monthly

Inventory is on the Rise Nationally – What About in Miami?

The news was good for housing inventory in Monday’s existing-home sales report from NAR, but has the situation improved at all here at home? Housing inventory nationwide increased just under 2 percent from May to June, rising to a

NAR: Existing-Home Sales Rise 15.2 Percent in June

June’s existing-home sales may have fallen from May, but they retained strong yearly increases, while other fundamentals improved. Existing-home sales may have fallen by 1.2 percent from May to June, but June’s seasonally adjusted annual rate of 5.08 million

What Will Homebuyers Compromise on in 2013?

Compromise is an inevitable component of the homebuying process…or is it? A new NAR survey has tracked what homebuyers do – and do not – compromise on. News flash: the homebuying process can be a darned frustrating experience. You

5 Reasons To Consider Google+ For Your Business

Google+ may be No. 2 to the almighty Facebook, but there are still notable reasons for agents to consider using for their real estate business. Facebook is the most widely used social medium on the planet, and we’ve written

The 7 Key Traits About the Homes Consumers Bought in 2013

What were the most important features to homebuyers in 2013? What features of the home, and the greater area, were most valuable to them? There are many types of property available to today’s homebuyers, but as any savvy agents

Housing Starts Fall in June, But Positive Trends Continue

Though builder confidence hit its highest mark in seven years this week, the latest construction report from the Census Bureau was underwhelming…or was it? June was a bit of a downer for new construction – at least on the

Miami Outpaces Nation in Latest FNC Residential Price Index

May was a great month for home prices in Miami, with the Magic City outpacing the nation. May was a good month nationally and locally for home prices, as the latest FNC Residential Price Index showed the housing recovery

Builder Confidence Soars in July to Highest Mark in 7 Years

July was a mighty good month for homebuilders, if the latest Housing Market Index from the National Association of Home Builders is any indicator. Builder confidence for newly built, single-family home market hit its highest mark in more than

The 5 Most Important Characteristics of Today’s Homebuyers

NAR’s 2013 Home Buyers and Seller Generational Trends report is massive, and among its many findings are great insights into homebuyer characteristics. The National Association of Realtors publishes many reports on real estate and the many individuals involved in

RealtyTrac: Foreclosures at Lowest Level Since 2005

Foreclosure starts were down by a hefty amount in June, according to the Midyear 2013 U.S. Foreclosure Market Report from RealtyTrac. Foreclosures in the U.S. were down to their lowest level since 2005 in June, falling 21 percent from

What are the Preferences of the Most Active Foreign Homebuyers?

Homebuyers from Canada, China, Mexico, India and the UK make up 53 percent of all foreign home purchases in the U.S. What do they look for in homes? Foreign homebuyers accounted for $68.2 billion in home purchases from March

Apartment Vacancy Rate Remains Unchanged, But Promise Lies Ahead

Reis analysis on apartment vacancy and rental rates show small potential in the second quarter In April, we read the first quarter 2013 analysis from Reis and learned the apartment vacancy rate was at the lowest point in a

How Rising Mortgage Rates are Affecting Prospective Homebuyers

Mortgage rates are at their highest levels in years, but how are they impacting the decisions of potential homebuyers? A new Trulia survey explains. Well, it was fun while it lasted! After falling for a sustained, seemingly endless length

CoreLogic: Foreclosure Inventory Down 29 Percent in May

CoreLogic’s National Foreclosure Report for May offered another dose of positivity for housing, with foreclosure inventory down by nearly a third. The U.S. foreclosure markets continued to improve in May, according to the latest National Foreclosure Report from CoreLogic.

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