Current Market Data
It makes more financial sense to buy than rent in Greater Miami, according to new research from ATTOM Data Solutions. In its analysis, which incorporated 2017 rent data from HUD, wage data from the Bureau of Labor Statistics and public record sales deed data from 540 counties,
Smart home technologies are one of the most pervasive trends in real estate today, and a recent survey from Coldwell Banker and Vivint Smart Home found that among the currently available varieties, voice automation is the most popular. Understanding
Tom Rhodes is the CEO of Austin-based lender Sente Mortgage, and a past president of the Texas Mortgage Bankers Association. In our conversation with the long-time lender, we discussed what housing will look like under President Trump, Housing Secretary
Miami’s housing stock is the No. 5 most valuable in the entire country, according to a year-end analysis from Zillow. Altogether in 2016, Miami’s residential properties tallied a worth of just over $818 billion, topping other major markets like
As we mentioned in the last entry in our “A Guide to the 2017 Buyer” series (which covered Generation X, and before that Millennials) the question of “What does this year’s buyer look like?” is particularly pressing in 2017, and for
For years, agents and analysts alike have wondered why so few Millennials are buying homes, but a new analysis of Census data has provided a remarkably straightforward answer – they’re all living at home with their parents, and at
The Miami new construction market continues to put up strong numbers, according to research from Dodge Data & Analytics. In November, Miami saw more than $351 million in total residential construction spending, which is a 22 percent decline from Nov. 2015. Year-to-date construction spending, though,
As we mentioned in the first entry in our “A Guide to the 2017 Buyer” series – which covered Millennials – the question “What does this year’s buyer look like?” is particularly pressing this year. It’s pressing because we start
At the turn of every new year, a question that always picks at any real estate professionals mind, any good one anyway, is: What does this year’s buyer looks like? The question is particularly important in 2017 because we’re
There is an affordability crisis building in Miami. In a fourth quarter market report released this week, ATTOM Data Solutions provided stats on price and wage growth in Miami, and the numbers showed a less-than-complimentary relationship. Since the market’s
Miami’s real estate market posted stellar numbers in November, particularly among middle-tier and luxury homes, a new report from the Miami Association of Realtors and local MLS showed. Single-family home sales jumped 13.1 percent year-over-year last month – a massive
When the U.S. housing bubble peaked in 2004 and 2005, the market seemed to be in grand shape: the homeownership rate was 69 percent; the Case-Shiller National Home Price Index was 184.4, a 135.5 percent increase from 1994; and
The U.S. Census released it 2016 population estimates this week, showing state-by-state growth from 2015 to 2016, and almost nowhere were gains bigger than in Florida. The state’s population made a 367,525-person leap from 20.24 million to 20.61 million
President Obama’s legacy will take shape over the coming years, but one thing is clear – he will be remembered as a champion of homeowners, a fact his record bears out. Here are a few of his most notable achievements, as they
There are more than 44 million immigrants living in the U.S. They account for about 13.6 percent of the total population, and together represent billions in annual real estate transactions – Miami is one of the eight best cities at
When it comes to the housing market’s ever-worsening inventory situation, one factor receives an outsized share of the blame – the historically low levels of home construction. Although the explanations for construction’s low volume differ – NAR has consistently argued that builders
