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Even With Price Hikes, Homeownership Still the Better Deal in Miami

Home prices have increased in a hurry the last year, but has that made homeownership any less practical in certain markets? #476846255 / gettyimages.com In the immediate years after the housing bubble popped, the answer to “rent or buy?”

The 4 Things Currently Ailing the Housing Market

Housing has gotten off to a slow start in 2014, and as we approach the year’s halfway point, a diagnosis is in order. #485205213 / gettyimages.com If the last couple of weeks have made anything clear, it’s that the

The 4 Biggest Challenges Facing Luxury Homebuyers Today

What are the most troublesome obstacles faced by luxury homebuyers in today’s housing market? Earlier this week, we reported on a fascinating new study by realtor.com, which looked at what features today’s luxury homebuyers desire the most in a home.

3 Intriguing Details About Today’s Mortgage Environment

The mortgage markets may have undergone a radical change since 2008, but some details may still surprise you. Last week, we reported a rather sobering statistic – according to record keeping by Ellie Mae, the average FICO score for

Residential Construction in Miami Posts Huge Declines

Residential construction has been making a tepid comeback in recent months; how did March play into that narrative? Let’s put it this way – March was both a rather disappointing month for residential construction in the Miami area, according

New Construction Numbers Offer Pleasant Springtime Surprises

It’s been a rough year so far for new construction, but March’s report from the Census Bureau offered some pleasant, unexpected surprises. Residential construction spending in March rose 0.8 percent from February to a seasonally adjusted annual rate of $369.8

New Data Shows Homeownership Comes Naturally With Age

Some new statistical work by the NAHB has brought some life to one of the more known truisms about homeownership. It’s one of those details about real estate that everybody knows – younger people tend to rent, while older

The Luxury Homebuyer’s 5 Most Desired Features

What do luxury homebuyers desire the most, when shopping for homes? The luxury homebuyer, as any real estate agent knows, is a unique breed of client, and their desires and requests during the homebuying process differ in many notable

The 4 Reasons Why Housing Inventory is So Darn Low

We all know that housing inventory remains at record-low levels; why is that the case, though? The other day, we reported that housing inventory increased 4.7 percent in March to a 5.2-month supply. Though technically an increase, that represents

Miami Home Prices Post Double-Digit Hike in Case-Shiller

Home prices offered few surprises in the latest Case-Shiller report. Home prices in the Miami area rose 16.0 percent year-over-year in February, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Still, prices in the area declined somewhat by monthly

How Distressed Homes Went From Prominence to Nonexistence

Distressed home sales were once the most visible characteristic of the housing market, but they’ve taken a much-desired back seat in recent months. Buried in NAR’s latest existing-home sales report was a precious nugget of housing news – in

Pending Home Sales Finally Reverse Course in March

It’s been a rough year for pending home sales, but March finally brought some good news to the beleaguered housing stat. Pending home sales reversed a longstanding trend of declines in March, posting their first increase in nine months, according

Miami’s Housing Market is Not Selling as Fast as You Think

We keep hearing about how time on market continues to fall, but what do the averages tell us about how fast our market really is? Earlier this week, we reported that nationwide, time on market has fallen seven days

5 Peculiarities in the New Construction Marketplace

Fresh numbers dropped this week on the nation’s new construction markets, but there remain oddities and curiosities. The Census Bureau this week released fresh numbers on new single-family home sales, and it was a verifiable bloodbath. At a seasonally

Real Estate, Once Again, America’s Favorite Long-Term Investment

As a long-term investment strategy, few consumers were willing to touch real estate during the downturn, but new research suggests that has changed. Back in 2011, few people wanted to touch real estate with a 20-foot pole – what

Price Per Square Foot Skyrockets in Miami

March was a very good month for price per square foot in our housing market, according to Movoto. Those signs of a housing recovery just became a bit brighter. According to the latest State of the Real Estate Market

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