Current Market Data

New MIAMI partnership could bring wave of Chinese buyers

Thanks to the Miami Association of Realtors partnering with foreign listing portal Juwai, Chinese buyers will now have easy access to residential and commercial listings in the Magic City. “Miami is the city of the future,” said Teresa King

Miami’s booming startup economy a good omen for agents

Not every real estate agent wants to retire an independent contractor, and not every homebuyer wants to live in a city that doesn’t foster entrepreneurs. Those things are easy to avoid in Miami, ranked in the top 5 of

Miami loan originations up 300%

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

Pending home sales rise to second-highest level since 2006

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

Affordability even bigger concern for buyers in 2016 than in 2015

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

Miami home prices continue strong growth in new Case-Shiller

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

Home start gains projected into 2018

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

Are McMansions finally going the way of the dinosaurs?

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

Where buyers are at the highest risk in Greater Miami

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

Greater Miami still affordable according to new index

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,

Miami new construction is holding pace in 2016

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 price appreciation approaches 5 consecutive years

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,

Trump on housing: ‘A home builder taught me everything I know’

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

4 things to know about multigenerational households

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

AARP releases new tool to help Miami agents serve older clients

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

To sell or remodel: Homeowners choose…

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

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