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NAR: Pending Home Sales Down Slightly in October

Pending home sales were down in October, and there remain several pitfalls for housing in the coming months. Pending home sales fell yet again in October, and the terrain remains a bit precarious for housing, according to the latest

Residential Construction in Miami Up 120% in October

Residential construction has been on the rise throughout the country in 2013, but what of here in Miami? October was a very good month for residential construction in Miami. How good? Try this: according to the latest analysis by

Miami Home Prices Up 14.5% in September Case-Shiller

September was a another strong month of home price growth in the Magic City, according to the latest Case-Shiller Home Price Indices. Home prices in the Miami metropolitan area rose 14.5 percent year-over-year in September, according to the latest Case-Shiller

The 6 Most Important Homebuyer Considerations

Homebuyers have many things to consider when looking for a new residence, but what ranks among the top considerations? Buying a home is all about weighing the positives and the negatives, but as any real estate agent knows, not

Housing Inventory in Miami Up 9.23% in October

Round and round we go on the housing inventory roller coaster! Where did it stop in October? Existing-home sales may have dipped a bit from September to October, but there was one undeniably positive sign in NAR’s latest report

MAR: Miami Home Prices Hop 18.9% in October

October continued Miami’s strong housing streak, according to the Miami Association of Realtors. Miami home prices increased for the 23rd straight month in October, rising 18.9 percent year-over-year to $220,000, according to the newest analysis by the Miami Association

Existing-Home Sales Down in October for 2nd Straight Month

Inventory shortages continued to cramp existing-home sales’ style, according to the latest analysis by NAR. Existing-home sales were down for the second month in a row in October, falling 3.2 percent from September, according to the National Association of

The 5 Key Characteristics of Homes Purchased in 2013

What types of homes have proven most popular with homebuyers in 2013? We take a look at recent NAR data to find out. Consumer preferences are an ever shifting, evolving landscape, and few regions of the economy shift more

NAHB: Builder Confidence Unchanged in November

Builder confidence held steady in November, with more builders seeing conditions as good than bad. Builder confidence for the newly built, single-family home marketplace was unchanged in November from a downwardly revised level of 54 in the latest National

How Pricey, Really, is Miami’s Condo Market?

We often hear about how expensive condos are in our area, but how do they compare to other metro areas in the U.S.? Condo prices nationwide continued to increase in October, according to new analysis by the folks at

Is Housing in Miami Still Undervalued?

The housing market has seen strong price gains through much of 2013, but has it made up all that lost ground from the downturn? Let’s start with the good news: there’s no way that the national housing market is

The 13 Ways That Home Size Impacts Room Size

There are many components to a house, but how does the house’s overall size impact the space of those components? The last couple of weeks, we’ve been looking at the typical sizes of newly built single-family homes, and how

3 Key Trends that Could Shape Housing

We keep wondering when/if the government will reform Fannie Mae and Freddie Mac, but key trends will determine how those reforms take place. It’s the question on many a real estate professional’s mind – when will the government get

NAR’s 2013 Profile of Home Buyers and Sellers: Homebuyer Characteristics

Christmas comes early every year for the Miami Agent staff with the release of the Profile of Home Buyers and Sellers from NAR. Rejoice – ’tis the most wonderful time of the year! No, we’re not celebrating an early

The 4 Most Common Homebuilder Incentives – Then and Now

Homebuilder incentives were commonplace in the housing market in the months following the market crash, but how common are they now? In the months following the housing crash, homebuilders across the country were presented with a most unique of

How Many Sellers in Miami Lower Their Asking Prices?

How common is it for home sellers in our area to lower their asking prices? And how do we compare with other major metro areas? Signs have been quite clear in recent months that the housing market has noticeably

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