Current Market Data

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

joint-center-housing-studies-harvard-affordability-inventory-homeownership
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

miami-waterfront-homes-community-neighborhood
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

family-moving-homeowners-owner-buyer-home-homeownership
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,

miami-association-realtors-february-single-family-condo-sales-inventory
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

joint-center-housing-studies-harvard-affordability-inventory-homeownership
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

Downtown Miami at Night
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

Miami-skyline-2030
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

New Subscribe

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