Current Market Data

How Many Foreign Homebuyers are Searching for Miami Properties?

International homebuyers represent a huge opportunity for real estate agents today, though some cities appeal to foreigners more than others. It’s no mystery that foreign homebuyers make up a hefty chunk of business for many real estate professionals today.

Existing-Home Sales Rise 4.2%, but Do Price Increases Pose Problems?

Though NAR’s latest existing-home sales report was, for all intents and purposes, quite positive, it reaffirmed that problems lie with inventory and prices. The latest existing-home sales report from the National Association of Realtors (NAR) was quite positive, with

Census Bureau: Housing Starts Soar 28.6 Percent in May

May was another sterling month for new construction, with housing starts rising by nearly 30 percent from the year before. The U.S.’ new construction marketplace continued to recover in May, with housing starts rising 28.6 percent year-over-year to a

Builder Confidence Hits Major Milestone in June

The National Association of Home Builders’ Housing Market Index hit a major milestone in June, passing the holy 50 threshold. June was a banner month for homebuilders, with the National Association of Home Builders’ Housing Market Index, the key

Has Housing Inventory Gone Up or Down in Miami in 2013?

Housing inventory seems to be picking up on the national stage, but what about specific metro areas, like our beloved Miami? The nation’s housing inventory has been one of the most hotly followed aspects of the housing market in

Young Americans Interested in Homebuying, Men More Likely Than Women

The latest Mortgage Marvel survey revealed that young Americans are interested in homebuying this year, and men are more likely to show interest than women. Even though mortgage rates increasing, it is not stopping young Americans from expressing an

Despite Mortgage Rates Increasing, Buying is Cheaper Than Renting

Mortgage rates may have increased by 0.5 percentage points percent in the past month, but buying a home is still less expensive than renting. Even though there has been a recent increase in mortgage rates (the 30-year fixed rate

Economic Growth Expected to Gradually Increase This Year

The economic growth we’ve seen this year shows a slow but upward recovery in housing, exceeding the expectations of economists Economic growth is expected to gradually increase in the second half of 2013 and into 2014, according to the

Negative Equity Improves by Leaps and Bounds in U.S.

The negative equity situation continued to improve by wide margins in the U.S. housing market, according to CoreLogic’s latest research. The U.S. housing market’s equity situation continued to improve in 2013’s first quarter, with roughly 850,000 homes returning to

Don’t Fret – Rising Mortgage Rates are NOT the End the World

Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the

Rising Prices Lead To Drop In Foreclosure-Related Home Sales

The housing market in Southern Florida has vastly improved and harried buyers are frustrated at the shortage of inventory. Foreclosure related sales make up about a quarter of the residential transactions in Broward County and Palm Beach County according

NAHB’s Improving Markets Index Expands to 263 Markets in June

The NAHB’s Improving Markets Index has grown by leaps and bounds in the last year, expanding by three-fold. The National Association of Homebuilders’ Improving Markets Index increased to 263 markets in June, with 29 new metropolitan markets, including Chicago,

Fannie Mae Study Finds that Renters Aspire to Homeownership

Fannie Mae finds that though renters are satisfied with their home arrangements, many still hope to achieve homeownership. Owning versus renting is one of the more common debates in real estate, and the latest research from Fannie Mae delved

What Would YOUR Client Compromise On?

Sad as it may be, the perfect home does not exist – what features would your clients be most willing to give up? It would be nice if we lived in a perfect world. Money would grow on trees;

Consumer Confidence on Housing Reaches All-Time High

Consumer sentiment towards the housing market reached an all-time high in the Fannie Mae National Housing Survey in May. May was a banner month for consumers and the housing market, according to Fannie Mae’s National Housing Survey for the

The 5 Most Important Trends Right Now in Real Estate

The real estate market is influx, and we’ve got the five most important trends to look for as the market continues to recover. Last week, the National Association of Realtors released its latest Realtor Confidence Index, which reported that

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