Trends
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Foreclosure activity in the Magic City remains high, but it’s fallen by a decent amount from 2012. Foreclosure activity in the Miami area was down a promising 18 percent year-over-year in August according to the U.S. Foreclosure Market Report from RealtyTrac,
Home seller incentives became quite common during the down years, but are they still common in 2013? During the months following the housing downturn in 2008, homebuyers found themselves in a interesting position – they were in charge. With
Though Miami’s housing market has made notable strides in the last couple of years, the problem of negative equity lingers on. Though the Miami housing market has made quite a bit of progress in the last year, more than a third
The NAHB’s Improving Markets Index has been closely tracking the housing recovery, and it put up some its best numbers yet in September. The National Association of Home Builder’s Improving Markets Index, one of the leading measures of the
The nation’s mortgage markets have improved dramatically in the last five years, but how many negative equity properties linger here in Miami? More than eight million homeowners are own the verge of reaching positive equity, according to the U.S.
Though the Miami market seems awash in new construction, Ugo Colombo has announced yet another condominium project. There may be 160 new condominium towers already planned for South Florida, but that’s done little to stop Ugo Columbo, the veteran
The homeownership rate has been on a steady decline the last five years, but will that trend continue? The homeownership rate has decreased in the last five years, according to Census Bureau data, and as a result, renting has
Much has been written about how rising mortgage rates will impact the housing market, but now we have a glimpse at how they’re affection consumers. The dramatic rise in mortgage rates has been the major story in housing this
The latest National Foreclosure Report from CoreLogic highlighted a number of positive developments in the nation’s mortgage markets. The nation’s mortgage markets continued to improve in July, according to the latest National Foreclosure Report from CoreLogic, with foreclosure inventory,
Asking price growth appears to be slowing nationally, but was that the case here in Miami? Miami’s for-sale market continued to outpace its strong rental market in August, according to the latest Price and Rent Monitors from real estate website Trulia.
The Hispanic population in the U.S. has grown by leaps and bounds, as has its importance on local housing markets; where are Hispanics most concentrated? Hispanics represent a growing part of the U.S. population, and are inarguably the hottest
Construction spending increased again in July, with residential construction leading the way. Construction spending in July continued its strong 2013 comeback, with overall construction activity rising 0.6 percent from June and 5.2 percent from July 2012 to a seasonally
The nation’s home prices continued to improve in July, with the latest Home Price Index from CoreLogic posting fantastic year-over-year numbers. Home prices continued their double-digit performance in the CoreLogic Home Price Index, rising 12.4 percent year-over-year in July. That
Quite a few Americans moved about in 2012, but what were the reasons behind their move? Last year, a hefty number of Americans moved to new residences – 35.5 million Americans, in fact, a 4 percent increase from 2011
Many analysts were proclaiming the demise of the McMansion, but the super-sized housing option seems to have returned from the dead. The narrative went a little something like this: McMansions, or over-sized suburban homes, were an outgrowth of the
The housing market, according to the latest numbers from Redfin, seems to be slowing down; is that the case here in Miami? For the third straight month, the percentage of listings that went under contract within two weeks decreased