Read Today’s Top Story: Miami-Dade home sales increase again

Trends

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Pandemic reshuffles homebuyers’ amenity priorities

Adjectives reflecting the desire for privacy and physical isolation gained a place of prominence: “private,” “covered,” “quiet,” “separate” and “enclosed” were among the top 100 most-used description terms.

NAHB: Residential construction spending rises in May thanks to single-family sector

Strong growth of single-family construction spending drove the increase, while spending on multifamily construction was flat, the National Association of Home Builders said.

70% of homebuyers face bidding war
70% of homebuyers still facing bidding wars

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.

South Beach
ONE Sotheby’s, Linda R. Olsson, Douglas Elliman and others report luxury market still ‘on fire’

As the South Florida economy rebounds, the real estate market squeezes out local residents with out-of-town buyers and an ‘on fire’ luxury segment.

Florida ranked 14th-best state to live in

Florida is the 14th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. 

Leading Indicator of Demand REDFIN
Housing market simmers down, but pending sales are still up

Although pending home sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

Out-of-town movers reshuffling to larger, more affordable homes

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

High-end home sales, prices jump as market flourishes

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.

Thursday is the most popular day to list a home in Miami

With half of all homes in today’s market selling above the asking price, the timing of when to list can have an impact on both time on market and sale price.

South Florida home prices reach new highs in May

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year. But there’s good news for those looking for a home in this competitive

Zombie foreclosures up 21% across the country

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

COVID savings fuels millennial down payments

First-time homebuyers found their long-term plans changed due to COVID.

In Florida, seven people move in for every one person who leaves

With the seventh-lowest tax rate in the country, Florida attracts people from all over.

RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated pace.

What are the best days to sell a home?

An analysis of 10 years of home sales found the spring and summer months offer the most gains for sellers, particularly the month of May.

Gen X and millennials want home gyms. Boomers? Not so much.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

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