News / Features
The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.
MLB player Asdrúbal Cabrera, a Cincinnati Reds third baseman, recently sold his Southwest Ranches home for a record-setting $7,410,000. The sale sets a record for the highest price per square foot in the gated community of Landmark Ranch Estates,
Freddie Mac plans to offer at least $3 billion in single-family affordable housing bonds to support affordable homeownership and serve historically underserved markets, according to a press release. To underscore this effort, the company is offering approximately $285 million
South Florida’s rebounding luxury residential market is still going strong, with the third quarter of 2021 producing substantial year-over-year increases, according to a recent Keyes/Illustrated Luxury Property report. The report, produced by the Keyes Company and Illustrated Properties, shows
The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.
Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.
Active inventory fell 6.8% to 19,683 from August, and months supply of inventory slid 11.9%, according to RE/MAX’s National Housing Report for September.
The Miami Beach mansion once owned by Al Capone has sold for $15.5 million, according to a report by the Miami Herald. Once fated to be demolished, the home was purchased by 93 Palm Residence LLC, which is managed by
Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.
Zillow announced it will not sign any new contracts to buy homes until the end of the year due to a “backlog in renovations and operational capacity constraints.”