Current Market Data

McGraw Hill: Residential Construction in Miami Down 11% in August

Construction in the Magic City declined somewhat in August, though the city is still putting up some of the best numbers in the nation. First, the bad news – residential construction in Miami fell 11 percent from August 2012

CoreLogic: Home Prices Slow in August, Still Up 12.4% YOY

Though monthly home price growth slowed in August, it still posted strong year-over-year returns, according to CoreLogic. Well, the great home-price honeymoon may be drawing to a close. According to the latest Home Price Index from CoreLogic, home prices

RE/MAX IPO Exceeds Expectations, Raises $220 Million

RE/MAX’s IPO exceeded expectations on Wednesday, raising more than $220 million in funding. RE/MAX became the latest real estate business to expand to the stock market with its IPO on Wednesday – and like those earlier companies, its IPO

How Last Year’s Housing Bust Impacted This Year’s Mortgages

According to The Wall Street Journal, banks made more mortgages last year than in any year since the housing downturn in 2000, with interest rates reaching their lowest levels on record. Researchers at the Federal Reserve analyzed the federal lending

Did Housing Activity in Miami Slow Down in August?

Housing had a great summer, but is the double-team threat of waning affordability and rising mortgage rates slowing activity? From the start of 2013 through May, the housing market nationwide performed quite well, with a number of factors –

NAR: Pending Home Sales Slow in August

Pending home sales were down in August, though they did retain their yearly returns. Tight levels of inventory, higher mortgage rates and rising home prices continued to impact pending home sales in August, according to the latest analysis from

Census Bureau: New Home Sales Leap 7.9% in August

New home sales performed better than expected in August; what does that indicate about the housing recovery? New single-family home sales defied expectations in August, posting both monthly and yearly increases in the latest report from the U.S. Census Bureau

How New-Home Sizes Define the Housing Recovery

New-home sizes hit new highs in 2012, and many saw it as a return of the McMansion; new data, though, suggests that’s not quite accurate. The news was a shot to heart of any small-home enthusiast: after falling gradually

6 Important Details About Residential Mortgages in 2012

The residential mortgage marketplace has come a very long way since 2008; how healthy though, truly, is that marketplace? On the surface, the news is highly encouraging: according to new data compiled by the Federal Reserve, banks handed out

The 7 Most Prevalent Sentiments of Today’s Luxury Homebuyers

Luxury homebuyers are a unique brand of consumer – what sentiments are most prevalent when they are searching for homes? Any real estate agent will tell you that the luxury homebuyer is a unique brand of consumer, one with

Miami Home Prices Increase 13.7% in July Case-Shiller

Miami home prices in the latest Case-Shiller showed some signs of slowdown, though they were still quite positive. Home prices in Miami continued their strong 2013 performance in the July Case-Shiller, posting both monthly and yearly increases. According to

South Florida’s Top 5 Homebuilders

Homebuilding has come back to South Florida in a major way; which homebuilders are leading the charge? After an extended dry spell, homebuilding has returned to the South Florida housing market in a major way, with single-family home construction

Is it Cheaper to Rent or Buy in Miami?

Home prices have risen and mortgage rates have shot up by more than a percentage point – is it still cheaper to buy than rent in the Magic City? The housing market of 2009, 2010 and 2011 was a

Minorities Trail Whites In Homeownership Rates

Minority groups continue to struggle on the road to recovery from the foreclosure crisis, with homeownership rates significantly behind whites. Although the Hispanic community recorded an increase of new homeowners in 2012 – and the amount dipped for the black and

NAR: Existing-Home Sales Rise 13.2% in August

Existing-home sales defied expectations in August, posting both monthly and yearly increases. Existing-home sales in August reached their highest mark in six-and-a-half-years, rising 1.7 percent from July and 13.2 percent from August 2012 to a seasonally adjusted annual rate

MAR: Miami-Dade Home Prices Up 20.5% in August

The Miami-Dade housing market continued its stellar performance in August, though the single-family market seems to be cooling off a bit. The median sales price of single-family homes in Miami-Dade increased sharply in August, rising 20.5 percent from $195,000

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