Trends

Buying a starter home is more affordable; first annual drop since 2020

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

New study ranks Realtor as the most desirable job in the U.S.

Realtor was the most desirable job in 49 of the 50 states, the study found.

Home sales decline as buyers await lower mortgage rates, new NAR rules, election outcome

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

The most popular ways to upgrade a home in 2024 — without a huge demolition

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

Miami surges in renter survey 

The city jumped 15 spots in RentCafe’s annual ranking of U.S. cities. 

Most American homeowners crave privacy from their neighbors

Despite spending more time than ever at home, more than half of Americans admit to hiding from their neighbors, according to a survey from Top Rail Fence.

Colombia accounts for most web searches of South Florida real estate 

The MIAMI Association of REALTORS® said house hunters in the country accounted for the largest share of international searches of MiamiRealtors.com, followed by Germans and Canadians. 

The top home trends for summer 2024

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

Hotels overtake offices in residential conversions

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Florida home values have more than doubled in the past decade 

Architecture Lab ranked every U.S. state based on the difference between average home values in 2013 and 2023; Florida ranked No. 2.

Miami ranks No. 7 for college grads

Apartment Advisor analyzed 98 major cities in the United States based on cost of living, entertainment availability, mobility and overall opportunities for residents. Miami came in No. 7.

Renovation spending has jumped 60% since 2020

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

The best week to sell this year: April 14 – 20

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

Don’t paint your house these colors if you’re trying to sell

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.

Opendoor: A portrait of first-time homebuyers in 2023

Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?

Today’s buyers prioritize price over location

Location, location, location … at least that’s how the old real estate adage goes, right?

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