Current Market Data

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Sellers lose the upper hand as mortgage rates rise

The housing market is starting to become more balanced.

Miami real estate rental and sales prices exploding
Miami ranks No. 5 in apartment development over the last 10 years

From 2013 to 2022, 12,401 apartments were delivered in Miami.

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Modern interior design remains most popular style

Modern homes are still the most popular interior design style, according to a new study from Confused.com, a financial services comparison website based in the U.K.

Homes now selling below asking price

Mortgage applications, pending sales, new listings and overall inventory saw large declines in August.

Homes sitting longer on the market almost everywhere — except South Florida

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

Home sales drop to lowest level since mid-2020

Buyers who are still in the game are finally getting a break from bidding wars

Pending home sales decline for second consecutive month in July 

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

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