Current Market Data

New Home Sales Jump to Five-Year High in Jan. 2014

The market for newly built single-family homes saw sales increases in January; what does that mean for the housing market? Amidst a period of less-than-enthralling news for housing, the Census Bureau’s latest report on sales of newly built single-family

Florida Foreclosures Down 54.2% From Peak

The Florida housing market has made considerable strides in the last year, according to CoreLogic’s latest MarketPulse. Home foreclosures in the Florida housing market are down 54.2 percent from their peak, according to the latest MarketPulse report from CoreLogic,

5 Key Takeaways from NAR’s Existing-Home Sales Report

Though much of the media coverage is focusing on the weak nature of NAR’s latest existing-home sales report, there were definite glimmers of optimism. We’ll start with what most of the media are reporting on – existing-home sales in

4 Worrying Trends in the Student Debt/Homeownership Relationship

Home purchases have skidded a bit in recent weeks, and student debt raises some troubling questions on where housing demand is heading. The numbers are in, and they’re not encouraging – housing demand is beginning to wane. According to

Miami Home Prices Up 16.5% in December Case-Shiller

Home prices in Miami continued to show improvement in December, according to the latest Case-Shiller indices. Miami home prices rose 16.5 percent year-over-year in December, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. As if that were

The 8 Biggest Concerns for Homebuilders in 2014

What issues in the homebuilding process keep builders up at night? Last week, we reported that builder confidence dropped to its lowest point in 12 months in February, with lousy weather and market concerns the main reasons for the

MAR: Miami-Dade has Record Home Sales for Third Year in a Row

Miami-Dade County reported record breaking home and condo sales in 2013, the county’s third straight record setting-year, according to findings recently published by the Miami Association of Realtors (MAR). Home and condo sales totaled 30,041 in 2013, an 8

4 Takeaways from Yesterday’s Miserable New Construction Report

The Census Bureau’s latest new construction report is not pretty, but as with all housing matters nowadays, there’s more than meets the eye. Here’s the information that you’ve likely seen, regarding the Census Bureau’s latest report on new construction

3 Trends that Could Influence Housing Inventory in 2014

We keep hearing that housing inventory has no where to go but up…but what factors will actually cause it to increase? “Housing inventory has bottomed.” “Housing inventory will recover.” “New homes will begin entering the marketplace.” Yeah, we remember

4 Essential Features for Millennial Homebuyers

Everybody and their uncle knows that Millennials will be integral to the housing recovery, but what do they actually want in a house? The Millennial generation, which encompasses Americans born between the early ’80s and early 2000s, is the

Builder Confidence Drops 10 Points in Feb. to Lowest Mark in 12 Months

Builder confidence had been on a tear through 2013, but it seems to have hit a road block in 2014. Builder confidence fell precipitously in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Price Per Square Foot in Miami Jumps 14.9% in January

Has price per square foot continued its 2013 ascent in the New Year? Many things occurred in the housing market in 2013, but perhaps the most notable was the marked ascent in home prices and the price per square

What’s the Most Effective Bidding War Strategy in Miami?

With inventory low and showing no signs of improving, what can agents do to distinguish their clients? Although housing inventory in the overall Miami market has been increasing, competition remains steep in the Magic City’s top sub-markets. Amidst such

Higher Priced New Homes See Far Stronger Sales Increases Since 2010

Though new homes have seen, on average, very impressive sales increases since 2010, the specific gains have told a different story. We’ll start with the good news – after its worst years since record-keeping began in the ’60s, the

Housing Affordability in Miami Tumbles 20.1%

Housing affordability has fallen nationwide in the last year; what of here in Miami? Housing affordability in the Miami housing market fell 20.1 percent in 2013, according to newly released data by the National Association of Realtors. From 2012 to 2013,

Inventory in Miami Starts 2014 on Right Foot, Rises 19.7%

Miami’s housing inventory continued to improve with the New Year. Miami’s housing inventory has continued its steps in the right direction in 2014, according to the latest State of the Market report from Movoto. Per the report, Miami’s housing

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