Trends

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3 Reasons Not to Freak Out About the Weak New Home Sales Data

The Census Bureau’s latest report on new home sales was a bit weak, but that does not mean that the sky is falling. We’ll get the bad news out of the way first: the sales of newly built single-family

Miami Posts Best Price Increase in the Nation in Nov. Case-Shiller

November 2013 was a good month for home prices in Miami, according to the latest Case-Shiller report. Nov. 2013 was a soaring month for home prices in Miami, with the Magic City posting the strongest monthly increase in the

Compared to Int’l Markets, Real Estate in Miami is a Steal

We may complain about high housing costs in the U.S., but internationally speaking, we don’t have a leg to stand on. It’s a common complaint among consumers that their rent/mortgage payments are too high, but if they only knew

MAR: Median Sales Price in Miami Up 15% in December

December was yet another strong month in Miami real estate, according to the latest analysis. Miami’s housing market capped off its sterling 2013 performance with a strong December, according to the latest analysis by the Miami Association of Realtors

The 7 Costs of a Single-Family Home’s Construction

We’ve looked at how newly built homes are priced and how those prices have changed in recent years; now, we look at costs. The last couple weeks, we’ve looked at both how a single-family home is priced and how

Miami 2nd Most Popular Market for Foreign Homebuyers

Foreign homebuyers have been one of the more interesting developments in U.S. real estate in recent years, especially here at home. Miami was the second most popular real estate market for foreign homebuyers in Nov. 2013, according to analysis by Realtor.com.

What Salary is Needed to Buy a Home in Miami?

How affordable is our city’s housing market, when we view the topic from a salary-centric perspective? With nationwide interest rates on the rise and home prices jumping aggressively in certain marketplaces, housing affordability has once again become a hot-button

RealtyTrac: Miami Foreclosure Filings Down 35% in December

Miami continues to make progress with its foreclosure markets, according to new analysis by RealtyTrac. In December, foreclosure filings in Miami were down 35 percent year-over-year and 32 percent from November, according to the latest numbers from RealtyTrac. Similarly,

6 Nuances to the Latest New Construction Numbers

The year of 2013 was a promising one for new residential construction, though there remains considerable room for improvement. We’ll start with the good news: housing starts in the U.S. were up 18.3 percent year-over-year in 2013 and building

NAHB: Builder Confidence Dips Slightly in January

Homebuilder confidence declined a smidgen in January, though it remained in positive territory. Builder confidence for the newly built, single-family home market declined a single point from 57 to 56 in January, according to the latest Housing Market Index

How Have the Cost & Price of New Homes Changed?

The costs and prices of newly built single-family homes are hardly static, the data shows. Last week, we reported that a newly built single-family home in 2013 cost $399,532 to homebuyers, and we looked at the seven components of

Movoto: Miami Housing Inventory Up 18.4% in 2013

Housing inventory in Miami continued it’s ascent, according to the latest analysis. Though housing inventory remains low by historical standards, 2013 was the turning point, the year that inventory bottomed and housing marched forward into positive territory. At least,

What Percentage of Real Estate Agents are Homeowners?

Real estate agents may sell housing for a living, but how many of them are actually homeowners in their own right? Real estate agents argue on a daily basis for the merits of homeownership, but how many of those

Property Values in Miami Spike 17.6% in 2013

We all know that home prices are on the rise, but what about property values and price per square foot? Earlier this week, we reported rather optimistically on home prices, and for good reason – according to the latest

What Percentage of Miami’s Home Sales are All-Cash?

All-cash sales have become increasingly prevalent in the post-boom marketplace, but how common are they here in our metro area? All-cash financing has become one of the most notable developments of the post-boom housing markets, with homes being purchased

CoreLogic: Foreclosure Inventory in Florida Down 36.5%

The nation’s foreclosure marketplace continued to improve, according to the latest analysis from CoreLogic. Florida continues to make progress with its foreclosure marketplace, according to the latest National Foreclosure Report from CoreLogic. Covering housing data through Nov. 2013, CoreLogic’s report had many

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