Current Market Data

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

Late mortgage payments and foreclosures become historically rare

  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

Miami home price growth lost steam last year, but is already recovering

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 update for the week of June 24

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

May pending sales report adds to positive summer housing forecasts

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

High-end home sales decline nationwide

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

Miami home, condo sales rise for third-straight month

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

Mortgage update for the week of June 17

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

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