“We have seen a surge of interest from millennials, who are the highest demographic partaking in leisure and personal travel, to have flexibility in their nomadic lifestyles.” — Alicia Lamadrid Paysse, sales director at Cevera Real Estate

Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.

Where are the best places for agents to work? Punta Gorda is one of them.

“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun

It was a surprise year of growth for homebuilders in 2020, but that could be constrained by higher lumber costs, regulatory issues and a shortage of available lots, according to the National Association of Homebuilders.

A recent report from Redfin states that Florida’s “redlined” neighborhoods, which were once considered less desirable and relegated to Blacks and other minorities under racist policies, are frequently less prone to damage from flooding and climate change than non-redlined or “greenlined” neighborhoods.

The Redfin report noted that homes selling below their listing price in Miami “reflects market norms in the area.”

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.

Purchases from home buyers in tax-burdened states, which began with the 2016 tax reform bill and has accelerated since COVID made remote working commonplace, continue to fuel Miami real estate”– Jennifer Wolman, Chairman of the Board, Miami Association of Realtors

The report stated that Florida dominated the top spots due largely to “affordable homes, low taxes and high ratings for happiness and desirability.”

For the first time since March 2020, home-price growth in urban areas surpassed that of suburban and rural locations.

“Despite the drop in home sales for February — which I would attribute to historically-low inventory — the market is still outperforming pre-pandemic levels.” NAR Chief Economist Lawrence Yun

The median sale price of a home in Miami was $377,500, a 0.7% increase month over month and an 18% increase over last year.

Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.

Bigger is better when it comes to houses on the market, according to a new report from Realtor.com.

Brokers remain optimistic despite low inventory of homes, the ongoing pandemic and iBuyers.