Current Market Data
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
The Miami Association of Realtors continues to be an active force in expanding the city’s international appeal, this time presenting at Colombia’s largest property showcase, El Gran Salon, which was hosted in the country’s capital of Bogota. The expo, which
Nearing the end of another year, speculation is now hitting its greatest height for how the next chapter in the housing recovery will take shape. Countless “experts” have offered cursory, drive-by analyses of where the market is heading, but there
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
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
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
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
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
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
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
