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Miami starter homes getting more out of reach for homebuyers

Starter homes in the Greater Miami area remain affordable relative to most of the country, but not for most of its residents – and it’s only getting worse. That was the finding of a very interesting new study from Trulia, which assessed

The damage $1,000 could do to home affordability

Affordability is a chief concern in any real estate market. But even though it’s a popular talking point for industry insiders, few understand the true volatility of “affordable.” To some families, the line keeping them out of homeownership is

Trump’s immigration policies may dramatically increase foreclosures

There are about 11 million illegal immigrants in the U.S., eight million of whom are a part of the country’s labor force. Although it’s hard to say where President-elect Donald Trump actually stands on undocumented workers – he has promised to deport all of

Do not worry – rising mortgage rates are not the end of the world

The news sounds bad: mortgage rates have risen aggressively since the presidential election, and are now at their highest level since July 2015; for the first week in December, rates posted the largest weekly jump since 2013; and the Federal

As Miami’s condo market plummets, commercial real estate soars

The foreign presence in Miami’s real estate market has long preferred residential investments over commercial ones – evidence of a desire to make quick or protect money rather than plant long-term roots. However, as Alex Zylberglait, a real estate

Real estate leaders show concern for the 2017 market

We are only a few weeks away from the New Year, and a little over a month away from a new president, but the future of the economy, and housing specifically, has never been more uncertain. At least those

5 things agents should anticipate in the 2017 market

The New Year is nearly upon us, and a number of housing analysts and firms are prepping their end-of-the-year reports. Trulia’s report has, historically, been among the more interesting of that batch, and the website’s 2017 Housing Outlook, which

Miami buyers get more for less than they would in New York, and elsewhere

Median home price in the U.S. is averaged at $300,000, which gets you, again on average, 1,700 square feet. But when you boil it down, those numbers don’t really mean anything, because they represent too wide an area. That’s

4 reasons suburban markets are thriving – and will only grow stronger

Over the last 15 years, 91 percent of population growth in the country’s 50 largest and most urban cities took place in the suburbs, according to a joint report from the Urban Land Institute and RCLCO. That’s a stat

A shocking number of mortgages are being denied in Miami

Miami may very well be the most difficult city in America in which to get a mortgage, according to data from Case-Shiller. In 2015, 15,887 hopeful homebuyers in the Magic City filled out mortgage applications, and 3,086 were denied

A majority of consumers are terrified of the mortgage process

The overwhelming majority (92 percent) of U.S. consumers recognize buying a home as a better financial decision than renting, a national survey from Sente Mortgage confirmed. The problem is that most (70 percent) do not know how or where

Case-Shiller: Miami home prices soar above the national averages

After some strong summer months, Miami home prices remained strong as ever in the fall, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. From August to September, Miami prices were up 0.5 percent, while year-over-year, prices were

Report: Miami new construction activity skyrocketing

The Miami new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics. In October, Miami saw more than $1.108 billion in total residential construction spending, which is

5 apps to help agents create compelling content

Katie Lance, known for her work as a social media and content development consultant, is one of the most recognizable names in real estate. She’s owner of her own company, Katie Lance Consulting; is a regular contributor to Inman

Study: Low-income housing poses no threat to Miami property values

It’s been heard in probably every city in America: “We can’t build low-income housing here, because it will hurt our property values.” It’s an argument we hear from middle- and upper-class homeowners, usually buffered by reassurances of the ultimate

In October, MIAMI says bleeding market looks fine

In almost every way you cut Miami’s real estate market, prices were up and sales were down in October, according to a new report from the Miami Association of Realtors and the local MLS. On the single-family side of

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