Current Market Data

The factors that hold up home purchase contracts the most

Home purchase contracts are increasingly being settled on time, and technology has increased the median days to close. But there are sill many ways for contract negotiations to hit a snag. A National Association of Realtors survey from May shows

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Miami condo market poised for 2020 turnaround, report says

The condo market in Miami has seen its fair share of fits and starts over the years. Thanks to a glut of inventory, particularly at the luxury level, units have sat on the market for months, causing downward pressure

Homebuying trends among baby boomers

In recent years, baby boomers are accounting for a smaller portion of the homeowning population, currently just 25 percent, and a new report finds that they typically prefer not to take advantage of the technology available to streamline the

Millennial homebuyers worked overtime, sold cryptocurrency for down payment savings

To make ends meet while saving up for a down payment, cash-strapped millennials are getting creative. A Redfin survey of 2,000 millennial homebuyers (age 24 to 38) found nearly four in 10 took on a second job to accrue

Homebuying trends among Gen X

As millennials begin to take over the homeowning population, Generation X buyers are making up a smaller portion of the housing market, accounting for just 30 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in

How millennial buyers drive the housing market

As millennials begin to enter the housing market, they are becoming the driving force, with millennial buyers making up 42 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in the housing market among the millennial

More homeowners are investing in renovations to help boost resale value

The most popular home renovation projects, like kitchen and bathroom remodels, are the ones that contribute the most to a home’s increased resale value. In fact, two-thirds of renovating homeowners are focused on increasing home resale value, according to

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Miami condo market favored buyers in May

The latest market data release from the Miami Association of Realtors focused on the continued strength of the area’s luxury housing market in May, but insights into other segments were also included in the report. Specifically, the Miami Association

See which paint colors can help boost sales prices

Choosing paint colors is perfect way to reflect your style onto your home. But, when it comes time to sell, the colors you chose may not appeal to potential buyers. Zillow is here to help with their 2018 Paint

Miami luxury home sales rose 24 percent in May

Miami homes and condos priced at $1 million and above sold 24.1 percent higher in May 2018 compared to the same month last year, according to the Miami Association of Realtors. Luxury condos led the jump in purchase activity,

Florida home sales, prices, inventory rise in May

The latest monthly report from Florida Realtors begins with a trifecta of growth figures for May 2018: Home sales and median prices each rose during the month, along with the number of listings available. That means a little good

‘Wall Street South’? New York financiers decamping to Miami in droves, report says

South Florida developers and real estate professionals have capitalized on the federal tax reforms that hurt high tax states like New York and Connecticut by pitching Miami as an attractive, low-tax alternative. The work appears to be paying off,

Miami added the fifth-most new residents in the country this year

In a new Redfin report, Miami was ranked fifth out of ten U.S. metros expected to have more residents within the next year. The city already has gained 2,295, new residents in the first quarter of 2018, compared to

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What millennials are willing to compromise on to buy a home

Millennials may be working hard to buy their dream homes, but many find themselves compromising to fulfill their goals of homeownership. According to a survey from ValueInsured, 85 percent of millennial homeowners compromised when buying their dream house. Survey

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The 5 Miami neighborhoods with the lowest condo supply

One of the prevailing narratives defining Miami real estate in the last few years has been the overabundance of condos, particularly in the luxury market and located in the city’s hottest sub markets. That has certainly been the case.

The 5 Miami neighborhoods with the lowest single-family supply

Total home sales declined by 7.5 percent in the first quarter of 2018 when compared to the same time last year, according to the Miami Association of Realtors. At the same time, the median home price in the area

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