Trends
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CoreLogic report outlines the country’s foreclosure progress, and it looks promising. The national foreclosure inventory continues to dwindle. However, we’re more than five years removed and rates remain well above normal, pre-crisis levels, according CoreLogic’s most recent foreclosure report.
Americans everywhere are tightening their belts, but still our houses are getting bigger. Why? Considering the realities of today’s housing market – that the empty nester population is growing and environmental sustainability is more and more dictating the direction
Our city’s rental markets have performed quite well in recent years, and 2014 seems to be no exception. The average rent in Miami in 2014’s third quarter was $1,147, a 1 percent increase from the second quarter and a 3.4
How does the down payment in Miami compare with other metro areas? According to analysis from LendingTree, the average down payment in Miami is 18.02 percent of the mortgage, which comes out to $53,716. How does this compare with
Construction is the residential sphere is quite positive in Miami in 2014 According to the latest numbers from the Census Bureau, residential construction spending in August was at a seasonally adjusted annual rate of $351.7 billion, down 0.1 percent
Older Americans are carrying their housing debt later into life, and as a result, they’re struggling financially. A lot of attention has been given to student loan debt lately, particularly in regards to the impact it’s having on young
The term “bubble” gets thrown around often nowadays, but does data support such statements? The great housing bubble of 2001 to 2008 was a mammoth economic event, one that pulled the housing market through a verifiable roller coast ride and
Though things are tough right now for Millennials, agents should definitely keep them on their immediate housing radar. It’s not easy being a Millennial. As we’re reported recently, the Millennial generation is still the home-bound generation, with many a
First it was Zillow’s acquisition of Trulia, and now News Corp has thrown its hat in the ring in acquiring Move, Inc. In a fairly volcanic move into the real estate syndication business, News Corp – the massive media
Home prices remained positive in the latest Case-Shiller, though they exhibited definite signs of easing. Home prices in the Miami region were up 0.8 percent monthly and 11.0 percent year-over-year in Standard & Poor’s latest Case-Shiller Home Price Indices, with
The decline was not substantial, but pending contracts definitely slowed down in August. Pending home sales fell 1.0 percent in from July to August, and are down 2.2 percent from where they were in 2013. Those were the main
There has been undeniable progress in the mortgage markets, but the effects of the recession still linger. Earlier this week, the Federal Reserve released a bevy of mortgage data from 2013, and it came with a screaming good headline
American homeowners are finding that rising home prices are helping them reclaim some of the equity lost during the housing crisis, CoreLogic reports. The value of homes, since the bursting of the housing bubble in 2007, have been struggling
The recovery in housing is still heavily concentrated in higher price points, according to new NAR research. On the surface, it seems like just another report on housing – earlier this week, the National Association of Realtors reported that existing-home
New home sales rocketed to the moon in August, but such data should be taken with a grain of salt. Here’s some glorious news to brighten up your day – according to new Census Bureau numbers, the sales of
Some analysts have argued that the impact of student loans is overblown, but new research comes to a different conclusion. In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making