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

Current Market Data

Miami’s new construction market trips in January

Miami’s new construction market plummeted in January, as spending dropped double digits from a year prior, according to research from Dodge Data & Analytics. But the dip isn’t so bad. Yes, residential construction spending from Jan. 2016 to Jan.

Survey: Agents and lenders need to better educate borrowers on closing costs

When the TILA-RESPA Integrated Disclosure (TRID) rule was passed in Oct. 2015, it was billed as a simplifying of the mortgage process – at least as far as borrowers were concerned – and an effort to increase transparency, particularly as

Survey: Borrowers worry how Trump and DeVos will manage this barrier to homeownership

The Millennial homeownership rate fell to a 30-year low last year, and a big contributor to that trend is growing student loan debt. The country has an opportunity to address the issue under newly elected President Donald Trump and

Report: “The World’s Most Admired” homebuilders

Toll Brothers is “The World’s Most Admired” homebuilder, according to Fortune. Miami-based builder Lennar is No. 2. Of the five homebuilders named by Fortune, the Pennsylvania-based builder, which operates in markets across the country, came in on top. Fortune

3 trends that defined Miami’s housing market in January

In its monthly market report, Redfin dissected dozens of markets across the nation and found that in January, buyers typically faced three challenges: rising prices, low inventory and a fast market. That was certainly true in Miami. Prices continue

Four trends Gary Keller says may change real estate

Keller Williams Founder Gary Keller spoke via an invitation-only live stream this week on the nation’s real estate market, commenting on the state of today’s market, and speculating on the fate of tomorrow’s. One of the most pressing topics

Miamians are undervaluing their homes

There is a slight disconnect between homeowners and appraisers in Miami, according to Quick Loans’ latest National Home Price Perception Index (HPPI). The good news is the disconnect is in the favor of homeowners. In February, homeowner opinion in Miami placed

Four ways builders are beating the labor shortage

In the five years following the peak of the housing bubble – so from 2006 to 2011 – the United States’ construction industry lost 2.3 million laborers. By 2013, 60 percent had already found new careers in other industries – which meant

When does owning in Miami become a better deal than renting?

Buying a home in Miami is a great deal – so long as the owner stays in it for more than two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner

Two signs that Miami’s housing market is in for a correction

The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job

2 stats that could sign an end to inventory shortages

Builders need to build – a ubiquitous sentiment throughout the country, and what some experts believe is the solution to widespread inventory shortages. Two new stats suggest that may be exactly what’s going to happen in 2017. The first stat

Meet the first-time homebuyer of 2017

This year could be the year of the first-time homebuyer. Of course, that’s what experts said last year too. But this year it might actually happen. Of course, there remain barriers to entry – tight credit, inventory shortages, high

The 7 characteristics of 2017’s Silent Generation buyers that agents need to know

Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of

Builders reveal what their 10 biggest problems are in 2017

Homebuilders across the nation faced crippling labor shortages in 2016; in fact, it was the biggest problem they faced all year. Don’t expect anything to change in 2017. Eighty-two percent of builders say the No. 1 problem they expect

Miami construction caps off 2016 with strong growth

The Miami new construction market concluded 2016 in strong fashion, according to research from Dodge Data & Analytics. In December, Miami saw more than $618 million in total residential construction spending, which is a 7 percent decline from Nov. 2015. However, year-to-date construction spending, which

Despite improvements, Miami’s housing market still among most unequal in U.S.

Although Miami’s inequality gap is narrowing – luxury home prices have shrunk, while the market’s bottom price has risen – it still remains one of the country’s most unequal housing markets. How unequal? About 5.5 times as much, according to

New Subscribe

  • This field is for validation purposes and should be left unchanged.