Trends

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Why the Suburbs Aren’t Going Anywhere

Reports of suburbia’s death,  it would appear, have been greatly exaggerated. It’s been a common trope in post-bubble news coverage – the United States, after several decades of embracing suburban sprawl, is returning to its urban roots and, once

Taxpayer Deductions Vary Across South Florida

Deductions are a big part of homeownership; how common are they here in our local marketplace? If you know homeownership, you know the mortgage interest tax deduction, the great grandmaster of tax deductions in the U.S. Indeed, homeownership and

Builder Confidence Inches Higher in April

Though still low, builder confidence showed improvement in April, according to new NAHB numbers. Builder confidence recovered somewhat from March to April, inching up from 46 to 47, according to the latest Housing Market Index from the National Association

New Home Construction Highs and Lows in March

Housing construction performed below expectations in March, according to the latest Census Bureau numbers. March was a month of good and not great news for new construction, according to the latest Census Bureau report, with housing starts rising 2.8

Housing Inventory in Miami Continues to Increase

It’s been a verifiable roller coaster ride the last couple years when it comes to housing inventory, but are we finally out of the woods? Housing inventory in the Miami housing market rose a whopping 26.8 percent year-over-year in

Miami Among Nation’s Densest Urban Areas

In the age of new urbanism, where does our metro area rank in terms of density and sprawl? “Density” and “sprawl” have become big buzzwords in housing the last couple of years, and for good reason. With gas prices,

All-Cash Sales in Miami Remain Enormously Prevalent

The housing market has made considerable strides in the last 18 months, but all-cash sales are still in abundance. We’ll cut to the big stat – in Jan. 2014, the latest month for which data exists, a whopping 63.1

The Relative Rarity of Million-Dollar Listings in Miami

Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings? We may hear about luxury real estate on a consistent basis, but luxury listings in the

Miami Asking Prices, Rents Continue Strong Increases in March

March was another solid month of price increases in the for-sale and rental markets, both locally and nationally. Miami’s asking-price fortunes continued in March, according to the latest Price Monitor from Trulia, with asking prices in the area’s housing

Very Few Miami Homes Affordable on a Median Salary

Affordability is often crunched into a single number, but how does it differ across the spectrum of salaries? The vast majority of Miami’s housing stock is unaffordable for someone earning a median salary. That was the central finding of

Residential Mortgages Becoming More Available

Mortgage standards have been pretty tight since 2008, but new readings from the MBA show them to improving. On the surface, it looks pretty underwhelming. From February to March, the Mortgage Banker Association’s Mortgage Credit Availability Index (MCAI) increased

5 Unexpected Details About the Younger Boomer Generation

The housing downturn and economic recession introduced some very intriguing details to Younger Boomers. The Baby Boom generation is arguably the most visible generation in America right now, yet given its diversity, it still manages to surprise us. So, in

Fannie/Freddie Reforms = Higher Mortgage Rates

Discussions on how to reform Fannie Mae and Freddie Mac get really wonky really fast, but they impact your business in very practical ways. We’ll cut straight to the chase – if current proposals to overhaul Fannie Mae and

CoreLogic: Foreclosure Markets in Florida Improve Radically

There are many uncertainties in the world, but here’s one thing we know for sure – progress has been made on the foreclosure front. Foreclosure inventory in the Sunshine State housing market dropped 39 percent year-over-year in February, according

With Recent Price Gains, Miami’s Housing Market Could Be Overvalued

Our local market has made quite a bit of progress since 2011, but has it advanced too far? Housing bubble talk has grown strangely common the last few months, what with home prices nationally posting double-digit increases from where they were a

Size Matters – When it Comes to the Homes Generations Buy, At Least

The various generations differ in many ways, especially when it comes to the types of homes they ultimately buy. The last couple weeks, we’ve been combing through NAR’s latest Home Buyer and Seller Generational Trends Report, and have reported

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