Mortgage markets have improved, but the inequities are still pronounced Black mortgage applicants in the Miami area are denied at a substantially higher rate than all applicants, according to new research from Zillow. In 2014, 30.3 percent of black mortgage applicants in Miami were

First-time homebuyers continue to lose market share in today’s housing market First-time homebuyer share has dropped to its lowest level in 27 years, with just 32 percent of all existing-home sales going to first-time buyers in 2015. That was one

As 2015 draws to a close, how has residential construction activity in Miami compared with the previous year? Residential construction spending in Miami totaled $312 million in September, according to new Dodge Data & Analytics numbers. Although that is down a remarkable

New home sales were down last month, but what about 2015 overall? Autumn has been a lackluster season thus far for new home sales, which rose 2.0 percent month-to-month but fell 11.5 percent year-over-year in September, ending the month at a seasonally adjusted

The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the

Yet another study finds that a majority of Americans are on financially insecure footing Sixty-two percent of Americans have inadequate savings. That alarming statistic was the main finding of a Google Consumer Survey that GoBankingRates, a national website that

The rental market in Miami has been red-hot for some time now, but is it finally tapering off? And what would that mean for homeownership? The average rent in Miami’s housing market is $1,233, and the area’s rental growth seems to be

This year is shaping up to be a positive one for new construction in Miami Residential construction spending in the  Miami area was up 88 percent year-over-year in July, and so far in 2015 is 40 percent ahead of where it was last

Rising rents, new research shows, are not an incentive to buy a house Renters in the Miami metro area are spending substantially more money on their monthly rent than is historically the case. That was the finding of a new

Building in the Magic City Making Significant Progress Residential construction spending in the Miami area was up 86 percent year-over-year in June, and so far in 2015 is 27 percent ahead of where it was last year. Those encouraging stats came courtesy of the

Miami’s foreclosure market has improved markedly in the last year, according to RealtyTrac In the first half of 2015, foreclosure activity in the Miami metropolitan area fell 30 percent from the same time period last year, according to RealtyTrac’s Mid-Year 2015

Throughout the first four months of 2015, home sales in the U.S. were the best they’ve been in eight years. Helped by a one-half percentage drop in fixed mortgage rates, home sales from January to April this year surpassed

U.S. mortgage rates were increasing at steady clip in 2015 until global economic events intervened The economic turmoil in Greece and China could possibly benefit U.S. homebuyers. That cause and effect was the chief finding in Freddie Mac’s latest Primary Mortgage

2015 shaping up to be a modest year for new construction in Miami Residential construction spending in the Miami area was down 19 percent year-over-year in May, and so far in 2015 is 14 percent ahead of where it was last year. Those were

How has Miami’s rental market developed in 2015’s second quarter? New data from Reis provides some perspective. Miami’s rental market has been one of the hottest in the nation, and new numbers from Reis on the second show show that

Over the last year, distressed home sales have become far less prominent in Florida’s housing market Distressed sales throughout Florida comprised 16.3 percent of all home sales in May, a marked drop from the 30.1 percent market share of a year