Current Market Data
Despite strong sales in the market overall for much of the quarter, the five counties that make up the South Florida region saw slower sales in the luxury home and condo market during the second quarter, according to a
New data from realtor.com shows that while 42 percent of home shoppers this past spring were first-time buyers, the group, consisting mostly of millennials, had trouble finding homes due to budget constraints — a higher proportion than just two
Weekly mortgage applications fall; activity remains high Mortgage application activity fell during the week ending July 5 compared to the previous week, although overall volume remained above levels seen at the same time last year. The Mortgage Bankers Association’s
Just when many housing markets were seeing some relief in their scant inventory of for-sale housing, there are now fresh signs afoot that supply levels may return to a trend of tightening. A new report on the housing market from
July marked the second consecutive month of tightening margins between owners’ estimates of home values and the professional opinions of appraisers, according to Quicken Loans’ National Home Price Perception Index. Appraised values were only 0.71 percent lower nationwide than
Loan delinquency rates hit their lowest level in 20 years this past April, according to a new report from real estate data firm CoreLogic, showing that American homeowners continue to thrive about a decade after the housing market’s
Home price growth in some of the biggest markets in the U.S., including Miami, has increased at a continually slower annual rate. That has put the brakes on historic levels of price appreciation across the U.S., although low mortgage
Mortgage application activity remains strong The number of mortgage applications submitted during the week ending June 21 grew 1.3 percent compared to the prior week, according to the Mortgage Bankers Association’s weekly survey. Growth in refinance applications was somewhat
Less than a week after the National Association of Realtors reported stronger than expected existing-home sales for the month of May, there’s more good news for the U.S. housing market. NAR’s Pending Home Sales Index for May came in
In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across
Real estate sales figures continue to trend upward in Miami-Dade County as well as much of Florida, according to the latest data from the Miami Association of Realtors. Realtors in Miami-Dade County recorded 1,441 closed condo and townhome sales
Weekly loan applications decline marginally The number of applications filed for a new home loan fell from the previous week, according to the Mortgage Bankers Association, which was perhaps unsurprising considering the earlier report’s record-high levels. In the week
Existing-home sales finally grew in May after two months of downbeat reports, according to the latest monthly snapshot of U.S. housing activity from the National Association of Realtors. Closed sales of previously-owned homes increased by 2.5 percent over April’s
Optimism struck in the second quarter of 2019 with 73 percent of Americans saying they believe now is a good time to sell a home, an increase from 65 percent in the first quarter based on a consumer survey
Numbers released June 18 by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development show that housing starts fell during the month of May, although building permit issues increased. Privately-owned housing starts dropped by 0.9
The trend toward lower mortgage rates doesn’t appear to be a short-lived phenomenon, and has already boosted loan application activity to historically high levels. As a result, lending industry executives are responding with their most optimistic outlook on the
