Current Market Data
An analysis of 10 years of home sales found the spring and summer months offer the most gains for sellers, particularly the month of May.
Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.
While the competition was not quite as strong across Miami, the 54.2% rate on offers this past April was a slight bump from the 52.8% rate in March, and a dramatic rise from the 30.6% rate from April 2020.
Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.
Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.
Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.
Abundance of condos under construction catapults Miami Beach to the top of the list.
The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.
The survey showed that 86% of dog owners said dog-friendly features — such as having a dog door or access to a dog park — are a large part of their decision-making process, and 84% are willing to spend more for these features.
Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report.
The housing market hit records last month as home prices reached an all-time high and homes sold faster than ever.
Listing keywords associated with families and children, like community pools, nearby parks and cul-de-sacs, led to both faster-than-expected sales and higher premiums.
Tampa has been ranked as the 10th moving destination by Penske Truck Rental in its 11th annual Top Moving Destinations list.
“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan
In 40% of metro areas analyzed, home prices in the first quarter hit or tied new peaks according to the report, including Miami.
Homes stayed on the market for 19 days less than they did last year, at an average of 72 days.
