Infographics

Are Miami Home Prices Nearing Bubble Territory?

The term “bubble” gets thrown around often nowadays, but does data support such statements? The great housing bubble of 2001 to 2008 was a mammoth economic event, one that pulled the housing market through a verifiable roller coast ride and

News Corp to Purchase Move, Inc. in Blockbuster $950 Million Deal

First it was Zillow’s acquisition of Trulia, and now News Corp has thrown its hat in the ring in acquiring Move, Inc. In a fairly volcanic move into the real estate syndication business, News Corp – the massive media

Pending Home Sales Slow a Tad in August

The decline was not substantial, but pending contracts definitely slowed down in August. Pending home sales fell 1.0 percent in from July to August, and are down 2.2 percent from where they were in 2013. Those were the main

Real Estate’s Uneven Recovery Continues in August

The recovery in housing is still heavily concentrated in higher price points, according to new NAR research. On the surface, it seems like just another report on housing – earlier this week, the National Association of Realtors reported that existing-home

414,000 Home Sales Lost in 2014 to Student Debt

Some analysts have argued that the impact of student loans is overblown, but new research comes to a different conclusion. In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making

3 Signs that Millennials are Not Yet Ready to Save Housing

Everyone keeps waiting for Millennials to jump into the housing market and save the day, but new data shows we should not hold our breath. It’s the big question on many an agent’s mind – when will Millennials take

The Top 5 Reasons Renters Do Not Buy a Home

Why do some consumers rent and not own? New survey results suggest that the answer to that question is not a straightforward one. They have insufficient savings or too much debt; they do not have enough income; they have

Price of Newly Built Homes Up Nearly a Third Since 2004

 Everyone knows that newly built single-family homes have become quite pricey, but the exact numbers are still eye-opening. We’re no strangers to the rising costs of new homes, here at Chicago Agent. Every month the past few years, we’ve been

Miami Asking Price Growth Best in Nation in August

 Asking prices continued their ascent in August, according to new numbers from Trulia. Asking prices in the Miami area rose 15.6 percent year-over-year in August, according to the latest Price Monitor from real estate website Trulia. That not only gave

Housing Inventory Not in Favor of First-Time Homebuyers

Though overall housing inventory is showing signs of recovery, it’s not progressing in a way that helps first-time homebuyers. According to the National Association of Realtors, 2014 has been a very good year for housing inventory. After falling precariously

How Much is $1 Million, Really?

 $1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others. How much is $1 million, in the grand scheme of things? According to some very interesting

Census Bureau: Residential Construction Flat in July

Residential construction was basically flat in July, though it remains ahead of 2013’s pace. Residential construction spending through July was at a seasonally adjust annual rate of $358.1 billion, a 0.7 percent increase from June, according to the latest

Negative Equity Heavily Concentrated in Lower Price Points

Negative equity persists in today’s housing market, but its impacts are not equally felt in every price point. Earlier this week, we reported on new findings by Zillow that a whopping 42.6 percent of Generation X mortgage holders are

Residential Construction in Miami Stumbles in July

Construction spending stumbled a bit in Miami in July, though it’s more an outlier than anything else. Residential construction spending in the Miami region totaled $307 million in July 2014, a 27 percent decline from last year, according to the latest stats

Miami Residential Construction Still Down Substantially From Historical Norms

Though our marketplace has traversed quite the terrain since 2008, new data shows that it still has quite a bit of ground to cover. We report quite regularly on building permits at the national level, but how have permits

Generation X Still Racked by Underwater Mortgages

Though the U.S. has cleared through millions of underwater mortgages, a shocking number of Gen X mortgage holders are still underwater. Seventeen percent of the nation’s homeowners – aka 8.7 million – are still underwater on their mortgages, but

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