Current Market Data

Existing homes sales down in June due to low inventory

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

National median home value passes $200,000 for the first time, study says

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

Online searches for first-time buyer mortgages are at an all-time high

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 has one of the least affordable housing markets in America

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

Miami’s home affordability is dropping, new report finds

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

About 40 percent of Miami homes are sold within 2 months, report says

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

Most Miami homes can be rented for a profit, study says

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

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National housing inventory drops at fastest rate in four years, study says

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

Sales speed, competition hit record highs in May

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

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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

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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

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