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Current Market Data

Florida buyers are paying how much in closing costs?

Average closing costs in Florida are among the highest in the nation, a new report from Bankrate confirmed. The implementation of TRID, and its new closing disclosure form, has helped reduce confusion around what closing costs actually entail. But

What’s the final word on student debt and housing? It’s complicated.

The statistics are hardly encouraging: student debt has more than tripled in the last 10 years; its serious delinquency rate is higher than any other form of debt, including mortgages and credit cards; it now totals $1.37 trillion, and

The best and worst of Miami’s high-end home markets

There are a handful of luxury markets in Greater Miami not seeing positive price growth. There are even more that are. Through this year’s second quarter, luxury sales were booming in The Hammocks, according to a report from Redfin. The

JD Power says consumers like this brokerage more than any other

JD Power today named its annual home buyer/seller satisfaction award recipients, and in all four real estate consumer categories – first-time buyers, first-time sellers, repeat buyers, repeat sellers – Century 21 was the top pick; though, the brokerage tied once with

1 in 3 Miami homes could be underwater by 2100

By 2100, a third of Miami’s housing stock, nearly 33,000 homes, could be underwater, according to a new study. The paper, authored by professors Robert Deconto, of the University of Massachusetts, and David Pollard, a senior scientist with Pennsylvania

7 signs that housing still has a long way to go

Americans are deeply pessimistic about economic mobility. By an overwhelming margin, they believe it is harder today to secure a middle-class lifestyle than it was for past generations. And a large majority continue to see the housing market in

Miami home sellers see outstanding returns in 2016

Home sellers in the Miami housing market have seen some of the best returns in the nation, according to the Q2 2016 U.S. Home Sales Report from RealtyTrac. Basing its analysis on publicly recorded sales deeds from more than 900 counties nationwide, RealtyTrac

There may be dirty money in Miami real estate after all

In January, the Financial Crimes Enforcement Network, a division of the Treasury Department, announced two Geographic Targeting Orders, or GTOs, to monitor all cash luxury transactions in both Manhattan and Miami. The purpose was to help authorities identify possible

Appraising solar: a new approach

By the end of 2016, the Department of Energy estimates 1 million homes will be equipped with a solar energy system. And still there is no definitive way to value those systems in appraisals. A new report from the

How fast can a new home be built in Florida?

There are a number of circumstances under which a home can be built, but in 2015, homes built for sale went up faster than any other, according to a new report from the National Association of Homebuilders. In a

Miami home price growth beats national averages in new Case-Shiller

Home price growth in Miami was stronger than the national average, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. The leading home price metric in housing, the Case-Shiller, found that Miami home prices rose 6.6 percent year-over-year in May, which

Understanding South Florida’s wonky condo market

Sales and demand are plummeting, inventory is skyrocketing, price performance varies wildly by neighborhood, and the experts operating at the center of it all can’t agree on whether the market is in a bubble or good shape – this is

Miami median home price hits $325,000

Home prices in Miami continued to rise in June, a new report from the Miami Association of Realtors confirmed. Overall sales remained in decline. Median sales price for a single-family home hit $325,000 last month – a 12.5 percent

Future labor shortage may be imminent – Blame it on the Boomers?

Today, builders are facing a serious labor shortage. A few years from now, that shortage could get even worse. In a new report from John Burns Real Estate Consulting, the research group’s vice president and chief demographer, Chris Porter,

2 Miami-area neighborhoods among best opportunity markets in U.S.

Both Homestead and Miami’s 33150 ZIP code offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac. In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase

How have Trump condo values done over the past year?

After a roll call vote on Tuesday in Cleveland, Donald Trump was officially nominated as the GOP’s presidential candidate. Unfortunately, his domination in Republican polls has done little to stymie the falling value of his once-coveted branded condos. In

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