Trends

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New homes are trending smaller

The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.

CoreLogic: Home-price growth picks up speed in July

CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

High housing costs dampen homebuyer demand

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

One in five millennials think they’ll never own a home

Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.

Fort Myers is one of the top markets to watch in 2024

Despite the area’s recent FEMA designation as a Special Flood Hazard Area, Fort Myers’ population has grown by 8.1% since 2020.

NAR: Pending-home sales post second monthly increase in a row

Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity. 

Case-Shiller: Home-price index just 0.02% off 2022 peak; Miami sees 2.5% gain

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

‘Collapse’ of housing inventory drives price rebound

Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said. 

Half of all buyers are first-timers in 2023

First-timers made up 45% of buyers in 2022 and 37% in 2021.

NAR: Existing-home sales decline as median price remains above $400,000

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

Housing starts rebound in July after June slump

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Florida is one of the top states to live in in 2023

Florida is one of the best states to live in this year, according to a new report from WalletHub.

Can these boomtowns accommodate their new residents?

Experts predict that Miami will be one of the most populated places in America by 2100. But can the metro actually handle all that growth?

Modern newlyweds wish they’d registered for a down payment

Of survey respondents who made a wedding registry in the past two years, 85% said they would have preferred to receive money they could have used towards a down payment, mortgage payment or other associated homebuying costs.

NAR: Pending-home sales rise for the first time in four months

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

Flood risk isn’t stopping migration into coastal Florida

“Builders in Cape Coral have not stopped — they’re just building like nothing happened,” said Redfin Premier agent Isabel Arias-Squires.

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