Read Today’s Top Story: Miami-Dade home sales increase again

Current Market Data

Miami real estate recovery headed in the right direction

“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com

Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.

Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of young workers in particular.

Miami home sales take big hit in May

Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.

Lenders predict ‘near term strength’ for the housing market

May applications for new home purchases were up 26% from April, pointing to a recovery that’s already underway.

Permits, builder sentiment indicate turning point for the market

In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in June.

Redfin: Bidding wars up in May in Miami

Miami’s bidding wars are starting to resurface, according to a new report.

U.S home flipping rates are the highest since 2006

Nationwide, home flippers saw a 36.7% return on their investment in the first quarter of 2020.

Why inflation presents a ‘golden opportunity’ for buyers

The National Association of Realtors’ chief economist offers some talking points to ease concerns of clients who are hesitant to enter the market.

Homebuying pushed further out of reach for millennials

“Homeownership has already been delayed for many millennials and the coronavirus could push the timetable even further out for some.” — Danielle Hale, chief economist, realtor.com

Don’t let myths about COVID-19’s impact on real estate steer you off-course

There’s a lot of speculation about how the novel coronavirus will impact your business, but it’s not all accurate. RCLCO Real Estate Advisors debunks the top five myths that real estate pros should be aware of.

How to use TikTok to market real estate

A real estate marketing guru and Tik Tok aficionado gives the inside scoop on the increasingly popular social network.

6 ways to bounce back better than ever

In a new e-book, national leaders from the brokerage and real estate technology sectors offer tips for making the most of this moment of change.

Florida has second highest number of zombie foreclosures in the nation

A new ATTOM report reveals that zombie foreclosures declined in the second quarter of 2020, likely a result of the temporary foreclosure moratorium on federally backed loans.

How tech can help Miami’s real estate market bounce back from COVID-19

A new study looks at how well networked certain regions of the country are — as well as how ingrained technology is in their local economies — to predict how the rebound will go locally. Find out how Miami ranks.

Rent increases down in Miami in April

A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.

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