Current Market Data

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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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Cash sales drop significantly in Miami

Despite a slight rebound in February 2017, cash sales of homes in Miami have declined significantly, a sign that international and big-money investors are cooling on the market, according to a recent market study. There were 289 homes paid

Miami’s housing boom excludes middle and lower class residents, study says

Despite the tremendous growth in Miami’s population and housing stock over the last decade, the city has been lacking in the creation of affordable units, according to a recent study. Much of the new housing in the market is

Here are 6 ways consumers use tech to buy real estate

  In a new report, Real Estate in a Digital Age, the National Association of Realtors offers insight into homebuyers’ technology usage habits. It’s a rare consumer who doesn’t incorporate technology into his or her homebuying pursuits – 95

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A fresh look at real estate tech: 6 agent and brokerage habits

  For today’s real estate agent, technology is indispensable in getting the job done quickly and efficiently. According to NAR’s recent 2017 Real Estate in a Digital Age report, agents and brokerage firms rely on a variety of tools

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Miami has more Millennials living at home than any other city, study says

The current generation of 18-to-34-year-olds – otherwise known as Millennials — is more likely to be living with their parents than in any other living situation for the first time in 130 years, with Miami having the highest number of

Good news for homeowners as home equity increases

  During the past year, total home equity held by households rose by 10.9 percent, or $1.317 trillion, to $13.349 trillion, according to the Federal Reserve Board’s fourth quarter of 2016 release of its Financial Accounts of the United States report.

Buyers and sellers open up: 6 things that influence homebuying decisions

  To better understand the perspective and experiences of people who were in the market to buy or sell a home in 2016, Redfin recently commissioned SurveyGizmo to ask 3,352 Americans what would influence their buying or selling of a

4 homebuying regrets to help your clients avoid

  Typically, the purchase of a new home would merit jubilation. But not among the more than 2,400 adults recently surveyed by NerdWallet, a personal finance website. Almost half the homeowners surveyed said they’d tackle buying in a different way

Despite market uncertainty (or perhaps in spite of it) more people want to buy homes, study finds

Every year, Redfin polls recent and prospective homebuyers in an attempt to gauge how people’s views of the housing market have changed, or remained the same, from one year to the next. But this year is different. This year

Miami to get a Chinatown, and what that could mean

Most major cities have Chinatowns – Chicago, Los Angeles, New York. So why not Miami? The City had the same thought last year in February when it passed a resolution designating the stretch of Northwest Seventh Avenue that runs between

Report: Most Millennials want a bigger home

Americans live much larger than they did 30 years ago, despite families being slightly smaller. But that doesn’t mean Americans want bigger homes. As a recent Trulia study showed, homeowners suffer from widespread “grass-is-always-greener” syndrome, in which small home

Details on 6 of Miami’s hottest developments

Miami’s real estate market slumped in 2016, with the pace of sales and appreciation slowing. But still, the market remains hot – flushed with buyers from around both the country and the globe. It’s an attractive market with rising

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