Current Market Data

The most popular interior design trends in Florida

Every home is unique in its own way, especially when it comes to interior design. Homeowners often choose design styles that are inspired by what is popular in their part of the world. Joybird took a look at the

More existing homes include smart tech upgrades

The remodeling industry can expect major growth in incorporating devices into homes that enable remote control and the ability to monitor household systems, according to survey findings from the Joint Center for Housing Studies at Harvard University. That means

Pending home sales finally grow year-over-year in June

The National Association of Realtors’ Pending Home Sales Index broke a 17-month streak of year-over-year declines to log an annual increase in June. Last month also marked the second month in a row in which nationwide pending home sales

Down payment assistance gains favor with buyers

As housing costs have continued to grow faster than the average buyer’s income, more are tapping into resources that can lower the substantial up-front costs of purchasing a home. But that could bring some major changes and a degree

Despite uncertainty, June new-home sales grow over last year

While sales of previously owned homes continue to underwhelm, housing market analysts are feeling more optimistic about sales of newly-built homes. The U.S. Census Bureau reported new-home sales in June came in at a seasonally adjusted annual rate of

Harvard report: Home remodeling growth could slow way down soon

The pace of growth in home improvement spending could soon slow to a crawl. That’s according to a new estimate by the Remodeling Futures Program at Harvard’s Joint Center for Housing Studies, which projects that spending on remodeling will

June home sales fall statewide as inventory rebalances

Sales of existing homes were down on an annual and monthly basis in the Miami area as well as statewide, according to the latest release of market data by Florida Association of Realtors. Coming off a stellar May, single-family

US home sales slip as affordable homes sell out

The national existing-home market nearly gave up the ground won in May with a less-than-stellar showing for June sales, according to the National Association of Realtors. Sales of existing homes in June came in 1.7 percent below the previous

Q2 market recap: Miami Beach cools, mainland heats up

South Florida’s housing market posted gains in the second quarter of 2019, reversing some of the trends that began earlier in the year, according to a report from Douglas Elliman in conjunction with Miller Samuel. Covering the major markets

Housing starts dip overall in June, but single-family building grows

Housing starts around the country were sluggish in June, with single-family starts registering below year-ago numbers for a fifth consecutive month. In all, housing starts were down 0.9 percent from the previous June, and were on pace for a

Miami home prices rising faster than incomes

It’s often said by economists that housing costs have risen faster than wages in recent decades, but just how wide is the gulf between income growth and gains in property values? We now have a better sense of that,

South Florida luxury home sales slip in Q2

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

More first-time buyers facing budget constraints this year

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

Mortgage application activity remains high as rates stabilize

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

For-sale inventory trends lower as homebuyers hold out for deals

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

Homeowners and appraisers agree more on value

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

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