Trends

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Could Slowing Asking Prices in Miami Benefit its Market?

What’s the deal with asking prices in our metro area? Asking prices in the Miami area remained positive in November, though they seem to be showing signs of slowing down, according to the newly released Price Monitor from Trulia. Per Trulia’s

The Jobs Report: 6 Good Things (and 2 Bad Things) For Housing

The latest government jobs report was highly encouraging for the economy – and, as a result, for the housing market. Good news alert! The government’s latest jobs report came out last week, and it was a very encouraging one

Florida Completes More Foreclosures Than Any Three States…Combined

Foreclosures are being completed at dramatic rates…and why that might not be so good. The newest foreclosure report from CoreLogic highlights the nation’s continued efforts to push through new and long pending foreclosures, but the robust pace of completion

Construction Spending Surpasses National Average in Miami

Construction spending rises and falls throughout the country, helping and hindering markets struggling to refill dwindling inventories. Construction spending was up this past October, according to recently released figures from the U.S. Census Bureau. The increases, which amount to

How Qualifying Incomes Are Surprisingly Reasonable in Miami

At the end of the day, how much income do consumers need to qualify for certain mortgages in our housing market? In our most recent analysis of housing affordability, we looked at what percentage of our housing market’s inventory

Multifamily/Single-Family Construction Post Sizable 2014 Increases

Though overall construction is mostly flat from last year, both single family and multifamily are putting up some encouraging numbers. Residential construction spending was up just 1.3 percent from September to October and 1.8 percent from Oct. 2013, rising

CoreLogic Report: What Price Appreciation Says About Our National Economy

Stable, moderate price appreciation may tell a much larger economic story.   Though the pace of home sales has slowed throughout much of the nation, year-over-year price gains remain healthy, increasing in October yet again, making 32 months of

5 Surprising Trends on How Homebuyers are Financing their Purchases

There’s very little that’s conventional in terms of how homebuyers today finance their purchases, as 2014 draws to a close. In our most recent story on NAR’s 2014 Profile of Home Buyers and Sellers, we looked at how consumers

MiamiCentral Promises More Walkability and Affordability

New investment into transportation demonstrates Miami’s eagerness to modernize. In July, we ran an article touting Miami’s recent push for walkability. According to a report from The George Washington University School of Business, Miami, joining a much longer list

NAR’s Pending Home Sales Report Tells a Bigger Story

Contract signings are down late in the year but still above average. The latest Pending Home Sales Index report from the National Association of Realtors showed a slight dip in pending home sales in October. Still, levels remain healthy

The Most Worrying Economic Trend for the Housing Market

One aspect of the economic recovery could haunt the housing market far beyond its current cycle. Seven million is a big number, and unfortunately –for both the housing market and the wider economy – it’s attached to a remnant of the Great

Newly Built Homes are 50% More Expensive Than in 2010

Everybody wants a new home, but fewer people will be able to afford them at this rate. Newly built single-family homes are extremely expensive. That was the big takeaway from the latest new home sales report from the Census

If Homebuilding is Flat, Why are Builders So Darn Confident?

It would appear to be a glaring contradiction in the nation’s housing market, but a bit of flip-side thinking immediately clears things up. The HMI, the NAHB’s measurement of builder confidence, rose yet again this month, jumping four points

Miami Home Prices Defy National Trends in Latest Case-Shiller

While home prices slow nationwide, they just keep on increasing in our metro area. Exceeding expectations was the name of the game for home prices in the Miami housing market, which in September rose 10.3 percent year-over-year and 0.6 percent from August, according

Forget Home Sales – This is Housing’s Most Encouraging Trend

Sure, existing-home sales were up, but there was another side of NAR’s report that suggested even better things for housing. Last week, the National Association of Realtors announced that existing-home sales in October posted their first yearly increase in

Auction.com/Google’s First NowCast Predicts Strong Nov. Market, though Challenges Remain

Google’s first foray into housing data has yielded some encouraging – albeit sobering – numbers for the housing recovery. Earlier this month, we reported that Google and Auction.com were diving head-first into the real estate data game with NowCast,

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