Current Market Data

RE/MAX: Miami median sales price up 15.4% from 2019

RE/MAX home sales across the nation were up 4.3% year over year, making it the third best month for home sales in the 13-year history of the report.

Mortgage applications down slightly as some consumers wait for another rate drop

A new report from the Mortgage Bankers Association shows a slight drop in mortgage application volume amid expectations of further mortgage rate reductions.

Wallethub: Florida middling when it comes to COVID-19 restrictions

A new report from the financial website Wallethub ranks each state on COVID-19 restrictions.

Sluggish rent growth shows signs of steadying

July rent price increases in lower-priced rentals far exceeded other price levels, according to a new report from CoreLogic.

iBuyer activity down 88% in Q2

The biggest players in the iBuyer market closed up shop at the beginning of the pandemic, and a new report shows the numbers.

Housing sentiment up in August as consumers recognize window of opportunity

The share of consumers who say now is a good time to buy a home has risen to 59%, according to the latest Fannie Mae Home Purchase Sentiment Index.

CoreLogic: Foreclosures could double by 2022

Serious delinquencies are expected to rise — particularly among lower-income households, small business owners and for those working in sectors hard hit by the pandemic.

Unemployment down in August, but long-term damage continues

The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.

NAR: Two Florida counties rank among the best in the nation to work from home

Working from home as an ongoing trend will greatly change the landscape of where people buy homes, according to NAR Chief Economist Lawrence Yun.

Along with COVID-19 hotspots comes homeowner distress, according to a new study

Along with the resurgence of COVID-19 cases and local shutdowns, mortgage delinquencies are on the rise.

Gender pay gap in commercial real estate grows to ‘staggering’ levels

This year’s release of the CREW Network’s benchmark study shows some backsliding in the industry, though there were a few bright spots as well.

July home prices rebound to pre-pandemic highs, but slowdown predicted

CoreLogic’s latest HPI Forecast shows annual home price growth slowing through July 2021, reflecting the anticipated elevated unemployment rates during the next year.

Southern home sales jump 27.6% in July

Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.

Buyers are looking to leave expensive coastal areas

Tampa and Orlando are becoming destination cities for those looking to relocate. Could Miami be next?

Apartment construction at a five-year national low

New apartment construction for Miami drops by 53% in 2020, according to a new study.

From ‘suburgatory’ to ‘hipsturbia’: Pandemic buyers are headed to the ‘burbs

Americans are moving to less densely populated areas as a result of the pandemic, foreshadowing a shift that could have a major impact on residential real estate sales and home prices.

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