Current Market Data

Rising home values can help homeowners, but it may cost them

Thanks to rising home values, more American homeowners are looking to tap into home equity that continues to grow, according to a recent survey conducted by Bankrate.com and research firm GfK f. But even though leveraging home equity into

Homeowners feeling more confident in the economy, ready to sell

As home prices continue to rise across the country, homeowners appear ready to sell their homes. A record 77 percent of Americans believe that now is a good time to sell their home, according to the National Association of

Miami home sales increased by double-digits in August

Miami-Dade County home sales rose 13.3 percent year-over-year with single-family homes and condominium markets posting double-digit growth, according to a new report by the MIAMI Association of Realtors. Total Miami home sales increased 13.3 percent – from 2,158 to

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Miami single-family, condo sales strong in August

The latest data on home and condo sales from the Florida Realtors showed both categories of residential units posting strong gains in August. Single-family sales in the Miami metro area (including Fort Lauderdale and West Palm Beach) grew by

New construction activity finally climbs in August

The U.S. Census Bureau’s monthly New Residential Construction report showed builders broke ground on new homes and apartment buildings at a much higher rate in August compared to the prior month or last August. Housing starts grew by 9.2

Redfin: Growing evidence of migration to low-tax states

Economists predicted it and many real estate agents have already been seeing it. Now more data is beginning to show Americans are shopping for homes where their tax bills might be lower, likely in response to new federal tax

Baby boomers are holding onto their homes as they head into retirement

As baby boomers gracefully round the corner into their golden years, Trulia found that the already strained housing market tightens a bit further as they hold onto their homes into retirement. Defined as the population born between the years of 1945 and 1964, aging them

As Gen Z enters the housing market, here’s what agents need to know

There are already approximately 100,000 Gen Z homeowners and that number will only continue to increase. While they share some concerns with earlier generations about affordability, 83 percent of Gen Z see themselves entering the real estate market within

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Want to know where home prices will be rising? Look for a new Starbucks

Neighborhood amenities can make a difference on how much buyers want a specific home, and there is one amenity that seems to have a larger impact on home values than any other – Starbucks locations. A recent study by

US home equity growth rates higher in minority communities

Homeowners throughout the U.S. are benefitting from recent home price appreciation by way of swelling home equity values. A Sept. 10 report from the data firm Black Knight estimated that the total value of “tappable” equity for the entire

What are homebuyers looking for in new construction homes?

When searching for a new home, buyers have a lot of ideas about what they are looking for, from the layout to the design elements and even materials and finishes. In order to get an idea of what homebuyers

Average new construction lot size remains at record low

In keeping with a decades-old trend, an analysis of Census Bureau data by the National Association of Home Builders found that the median size of a lot on which a new home was built in 2017 reached a record

Florida foreclosures up 35 percent in July

South Florida, and the state as a whole, continues to log higher rates of foreclosure than the rest of the nation. According to a report from Attom Data Solutions, Florida saw the largest year-over-year increase in the number of

Homeownership rate among minorities rising

The homeownership rate among minorities continues to increase, but there is still some progress to be made, according to the National Association of Home Builders. The homeownership rate among all minority groups in the second quarter of the year

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Fueled by tax changes, buyers pounce on warming Miami condo market

The middle of the summer has brought signs that the hot U.S. housing market is leveling off as sales slow and listing prices are cut. Those trends have fueled fears of a broader contraction and the coming of a

July pending sales miss the mark, led by price growth

New national home sales figures released by the National Association of Realtors Aug. 29 continue to show a housing market that can’t keep pace with prior years of stellar performance. For the seventh month in a row, NAR reported

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