Over the last decade, homeownership rates in the U.S. have fallen drastically, with an average of 63.4 percent in 2016 compared to 69 percent in 2004. The 2008 financial crisis has been largely blamed for the swift decline, but

Recent data from Yardi Matrix shows that the Miami area is the most expensive in Florida for renters, with 19 of the top 50 ZIP codes falling in Miami-Dade County. The most expensive is in Coral Gables, where the

Single-family homes in Miami sold at an average rate of 42.3 per day for the past four months, and June marked the second-best in city history, according to a new report by the Miami Association of Realtors (MAR) and

While South Florida has generally seen modest home value growth, some neighborhood values have increased by double digits this year. According to a recent Redfin study, nearly half of the top 23 increasing home values throughout the area belong

As inventory tightens and Baby Boomers begin to age, more Americans are turning to multigenerational homebuying. According to the reNEWable Living Home survey conducted by BUILDER, multigenerational homes have proven to be easier on the wallet while also allowing buyers to

Millennials are known for their desire to live in cities with busy nightlife and easy access to outdoor activities. But this need doesn’t only apply to Generation Y — it turns out baby boomers want walkability in their neighborhoods as

Total Miami construction rates increased in June, according to recent data from Dodge Data & Analytics. These numbers indicate diversion from the recent pattern of declining construction, which has occurred frequently due to excess inventory. The report considered all

Home sales decreased in June thanks to low housing supply, according to the National Association of Realtors. The Midwest was the only area nationally with increased sales last month. Total existing-home sales (completed transactions that include single-family homes, townhomes, condos

The typical U.S. home is now worth more than $200,000 for the first time in history, according to the June Zillow market report. The national median home value now sits at $200,400. This number is a notable 7.4-percent increase from

The process of buying a home can be extremely daunting, especially if it’s your first time doing it. Recently, Chase Home Lending and Google paired up to figure out how and what people are searching online about homeownership. The companies discovered people

Miami is a hotspot for those seeking sunshine, miles of beautiful beaches and an active city nightlife. However, many residents can barely afford their own home there — the city came in at No. 2 on the Department of Housing and

The U.S. affordability index dropped to 100 in the second quarter of 2017, which is the least affordable level since the third quarter of 2008, according to a new report from ATTOM Data Solutions. The affordability index measures the

For homebuyers entering today’s market, speed is the name of the game. With home inventory at its lowest levels on record, available homes are being bought in record time. In a number of cities, the majority of homes don’t stay

If you’re considering becoming a landlord in a city like Miami, you’re in luck. Potential landlords can rent out most homes in a majority of America’s largest markets for a profit, according to a recent Zillow report. In 25 of

Low housing inventory has troubled buyers since the end of the recession, and it doesn’t seem to be getting any easier to beat out the competition for a purchase. In fact, the number of homes for sale has now dropped more quickly

Last month’s buyers faced one of the most competitive markets to date, according to Redfin’s May 2017 housing market report. As homes flew off the market and supply continued to decrease, speed of home sales and buyer competition hit