Current Market Data
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
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
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’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
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
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 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
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
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
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
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
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
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
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.
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
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
