Read Today’s Top Story: 2025 South Florida real estate predictions

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2 Miami-area neighborhoods among best opportunity markets in U.S.

Both Homestead and Miami’s 33150 ZIP code offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac. In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase

Why 157,000 Miami renters cannot buy homes

Earlier this week, we reported on the sobering findings of the Joint Center of Housing Studies’ latest report, which found that millions of households in America are struggling with housing costs, much to the detriment of housing markets across

Home prices are outpacing wages, and that’s a problem

Homeownership has become much less affordable for Miami consumers the last few years, according to a new analysis from RealtyTrac. The Q2 2016 Home Affordability Index, which compares wage growth to home price increases, found that without exception, home prices in

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

McMansion ascending – U.S. homes are bigger than ever

It was supposed to be the end of the McMansion era. New homes in the U.S., after steadily growing in size for more than 30 years, finally reached their peak during the mother of all housing bubbles. Following the inevitable

These are homebuyers’ top two concerns in 2016

Recently, Redfin surveyed buyers on their concerns about the housing market. Surprisingly, the survey found that homebuyers are not as concerned about supply as they were in the past, despite it being the driving factor of homebuyers’ current concerns –

Soaring Miami inventory presents challenges for the city

This spring homebuying season could be a difficult one for home sellers in Miami, according to a recent analysis from Zillow. According to the company’s April Real Estate Market Report, the inventory of homes in Miami has risen across

The salary your clients need to buy in Miami

Across the country, the salary needed to live in the largest metro areas has fluctuated in 2016, according to a new report from HSH.com. In the metro Miami area, the median salary required to live is $62,370.25, a $512.75 decrease from last quarter. Although the salary

Miami new construction continues stellar 2016

The Miami new construction market continued its strong 2016 performance in April, according to new numbers from Dodge Data & Analytics. In April, Miami saw more than $321 million in total residential construction spending, a 35 percent decline from April 2015. Miami’s year-to-date

The gender gap is real among Miami homeowners

It is a well known fact that women earn less income than men, but new research from RealtyTrac has found that the gender gap also extends into real estate – especially here in Miami. According to RealtyTrac’s research, Miami

Millennials find housing opportunities in Miami

The Miami housing market is among the most open to Millennial homebuyers – especially those with student debt. That finding came from a new study by Apartment List, which looked at the number of years it takes Millennial consumers

Highlights from NAR’s new member profile

Sixty-five percent of Realtors are licensed sales agents, while 21 percent are licensed brokers and 16 percent are broker associates. Sixteen percent have at least one personal assistant. And 83 percent are very certain they will remain active as

Millennials dream of homeownership…from their moms’ basements

Millennials may be America’s largest, most vivacious generation yet, but new research suggests that their homebuying prospects have only worsened with time. According to a new analysis from Zillow, more Millennials now live with their parents than at anytime

Miami mortgage activity jumps strongly in 2016

Overall mortgage activity is down in the Miami housing market this year, but that only tells half the story, according to RealtyTrac’s Q1 2016 U.S. Residential Property Loan Origination Report. Through the first quarter, RealtyTrac found, Miami lenders oversaw 29,934 originations, a

This “boring” topic could be worth thousands to your clients

We know, we know – private mortgage insurance (PMI for short) is one of the more profoundly unsexy topics in real estate, and offers little of the glitz and glamor of staging, showing and negotiating. But it is a

Is luxury housing in Miami slowing down?

Luxury housing markets across the U.S. have seen declines in 2016, but according to a new analysis from Redfin, only one market has slowed more than Miami Beach. Through Q1 2016, the average sale price for luxury homes in Miami

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