Infographics
It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite
Minority groups have a harder time accessing mortgages in the U.S., including here in Miami. In the Miami metro area, 21.2 percent of mortgage applicants are denied in their quest for conventional mortgages, according to a new analysis from Zillow; that’s not only substantially
Miami did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Miami began 2015 on a sound note, according to the Trulia Price Monitor. Though prices were up a healthy 11.3 percent year-over-year
One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of
We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Miami grew by hefty amounts in 2014; and second,
What is the marital status of the typical first-time homebuyer? What are the demographics? And finally, how have those stats changed in recent years, and what does America’s ever-diversifying landscape suggest? To find out, see our infographic below, which
Last week, we reported that lending standards have see-sawed up and down the spectrum the last few years, but does that trend change at all when we look at the separate lending standards for refinancing and purchasing loans? Once
We reported last week that in 2014, the median sales price for a newly built single-family home set a new record, closing out the year at $283,600. That’s not only 5.5 percent above 2013, but also a whopping 28.3 percent
2014 was a VERY good year for new construction in Miami, according to the latest stats. Total residential construction spending in the Miami area was $6.623 billion in 2014, a 62 percent increase from 2013, according to new numbers from Dodge
Construction on the whole was positive in 2014, but that was mostly due to the surging multifamily sector. Private construction may have been up 4.5 percent in 2014, but it was the multifamily housing market that drove that activity,
Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Miami area is poised to see more than 322,000 potential homebuyers enter the housing market fray over the next seven
Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that
We’re all waiting for Miami’s housing inventory situation to improve…and that could finally be happening. The inventory situation in Miami has been a dire one for some time, but 2014 closed out with some encouraging news, according to new numbers from realtor.com.
New home sales may have disappointed in 2014, but median sales price was an entirely different matter. December may have capped off a lackluster year of sales for newly built single-family homes, but when it came to the median
Everyone knows that lending standards today are relatively restrictive by historic standards, but are they loosening up at all as housing and the economy improve? To find out, we took an exclusive look at CoreLogic’s Housing Credit Index (HCI),
Here is an undeniably positive development in the housing recovery. Distressed home sales – such as the one in our photo above – were the most visible result of the housing downturn, a true sign of the unfortunate times.