Read Today’s Top Story: Miami-Dade home sales increase again

Current Market Data

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Here’s how long it takes Miami homeowners to break even on their purchase

Now more than ever, residents of large American cities face a conundrum when deciding whether to rent or buy. Renting is increasingly popular in major markets as housing prices in these desirable areas keep creeping up. Now, Zillow has

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Why Don’t Americans Move Anymore? Here Are 3 Theories

Americans are moving less often than ever before, and this new trend in decreasing mobility is having a major effect on the real estate industry. About 11 percent of Americans moved between 2015 and 2016, a decrease of 6

Home flipping hits two-year low as profits dip, study says

Despite a slight increase in recent months, home flipping has now hit a two-year low, and home flippers are seeing lower returns on their investment, according to the Q1 2017 U.S. Home Flipping Report by ATTOM Data Solutions. Home

Miami and climate change: 30 percent of homes could be underwater by 2100, report says

When a home is referred to as “underwater,” it generally means that a homeowner owes more on the mortgage than the home is worth. In the future, the term might take on a new, much more literal meaning. With

Young family with real estate agent at an open house.
Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

Homes are selling faster than ever as inventory tightens

Demand for homes continues to grow as houses are selling faster than every before, according to Redfin. Typical homes went under contract in 40 days in April, 10 days faster than the previous year, making April Redfin’s fastest month on

Total household debt in first quarter passes pre-recession peak

Total household debt reached $12.73 trillion in the first quarter of 2017, which is above the 2008 peak before the housing market crash and economic downturn, according to new data from the Federal Reserve Bank of New York. However,

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The 3 Miami markets where condo sales rose

Single-family homes buoyed the Miami housing market in the first quarter of 2017 as condo sales continue to slide. But there are still some bright spots in the local condo market, as three submarkets showed gains in their condo

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Three masterplan community trends that are attracting new residents

Masterplan community developers are looking to expand the amenities and conveniences offered to residents in order to bring in new buyers. According to John Burns Real Estate Consulting, there are three major features that developers are offering in their

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Study suggests Miami might not be as overbuilt as previously thought

How overbuilt is Miami? Like the rest of the country, Miami saw peak residential construction right before the market collapse of 2007. And though the general consensus is that Miami is overbuilt and bordering on “distressed,” a look at

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Miami saw its highest-ever total for home sales in March

Miami’s single-family homes market had its best March in history, after sales for the month rose nearly 10 percent year-over-year, according to the Miami Association of Realtors. The city recorded 1,276 single-family home sales in March, a 9.2 percent

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Miami drops on list of top 10 international luxury markets

Miami is still a top international luxury market, but its standing as such has diminished in recent years, according to Christie’s 2017 global luxury real estate market report. The Magic City ranks tenth on Christie’s “luxury index” list, which

Miami is the No. 1 city for job seekers, study says

Despite being unaffordable for many working-class individuals and families, Miami is considered to be the best city for job seekers in 2017, according to a new report by the website Indeed.com. The job posting site crunched the numbers for

West Palm Beach had one of the best starts of any luxury housing market this year

  West Palm Beach is having one of the strongest starts of any luxury housing market in 2017, according to a recent report by Redfin. That’s good news for a South Florida luxury market that has seen many fits

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Home starts drop as Miami looks to correct its overbuilding issues

New home starts continue to fall through the first quarter of 2017 as the Miami market deals with an excess of unsold inventory, according to the newest numbers released by Dodge Data & Analytics. Housing construction in March fell

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