Current Market Data
Loan originations are up in Miami, which bodes well for the market after several months of declined sales. In the second quarter of 2016, mortgage lenders in the city counted 5,305 new loan originations, 13 percent more than last
July marked the second highest reading in over a decade for pending home sales, with the Midwest being the only area to see a decline in contract activity during the month. The Pending home Sales Index (PHSI), which tracks the
In 2015, homebuyers’ biggest concern was affordability. This year it’s an even bigger concern. Twenty-eight percent of buyers cite “affordability” as their No. 1 concern in purchasing a home, according to a new Redfin survey – a 1.4 percentage point
The Miami housing market continued its strong pace in the most recent Case-Shiller Home Price Indices, which covered home prices through June. Per S&P’s computations, home prices in Miami rose 0.7 percent from May to June and 5.7 percent from June
There aren’t enough homes, and that’s a problem in multiple markets. But it might not be for too much longer. “As most real estate professionals know, housing costs are still climbing,” National Association of Realtors Chief Economist Lawrence Yun wrote
McMansions – the mass-produced, over-the-top, poorly appreciating eyesores that became the poster children of the housing bubble – seemed to be on the way out. Average and median home size had fallen considerably during the market downturn, as builders trimmed their ambitions
Miami-Dade County is at a very high risk for natural hazards, like tornadoes, hurricane storm surges and floods, and so is Broward, a report from ATTOM Data Solutions confirmed. Palm Beach County is at a high risk. This is
One of the central appeals of Miami as a destination city, apart from its culture and beaches, has been its persistent affordability, even through major growth. For the most part, the city still has that, a report from ATTOM,
The Miami new construction market continued its solid 2016 performance in July, according to new numbers from Dodge Data & Analytics. In July, Miami saw more than $854 million in total residential construction spending, a pronounced 18 percent decline from July 2015. Year-over-year numbers,
Miami home prices haven’t slipped in nearly five years. But sales certainly have. For 56 consecutive months, single-family home prices have appreciated in Miami, a report from the Miami Association of Realtors and the local MLS confirmed. In July,
Donald Trump spoke to the National Association of Home Builders this month, and it turned out to be one of the most important speeches of his campaign: it was about housing. He reminisced about what it was like growing
Multigenerational households – those that include two or more adult generations, or grandparent and grandchildren – are at an all-time high in the U.S., according to a new Pew Research Center analysis. Based on census data through 2014, Pew
What do seniors look for in a neighborhood? It’s a smart question for real estate agents to ask, considering the rapid growth of the country’s 65-and-older population. In 2014, 46.2 million people in the U.S. were at least 65
In June, the nation’s housing inventory fell. It’s now at a 4.6-months supply. It’s a trend defining several metropolitan markets throughout the country. A report from John Burns Real Estate Consulting recently explained, at least in part, what may
The homeownership rate is a tabulation of households that are owners; and in Miami, the share of people who own their homes is lower than it was in 2007 – significantly lower. A report from Apartment Listing put Houston’s current
Sales are down, prices are up (for the 18th consecutive quarter), and condo inventory is pushing a year’s supply – Miami’s second quarter is typical Miami. The median price for single-family homes in Miami reached $295,000 during the second quarter,
