News / Features

NAR: Existing-home sales rebound in September
NAR: Existing-home sales rebound in September

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 sells Southwest Ranches home for $7.4M
MLB player sells Southwest Ranches home for $7.4M

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 to offer $3B in affordable housing bonds
Freddie Mac to offer $3B in affordable housing bonds

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

Luxury residential market continues forward stride as supply crunch looms
Luxury residential market continues forward stride as supply crunch looms

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

New-home construction cools in September
New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

September saw fewer homes sold, another increase in prices
September saw fewer homes sold, another increase in prices

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

RE/MAX: Miami housing market takes a pause in September 
RE/MAX: Miami housing market takes a pause in September 

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. 

Miami mansion of ‘Scarface’ Al Capone sells for $15.5M
Miami mansion of ‘Scarface’ Al Capone sells for $15.5M

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

Redfin: Climate change will exacerbate U.S. housing shortage
Redfin: Climate change will exacerbate U.S. housing shortage

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

Zillow pauses its iBuyer service for the rest of 2021
Zillow pauses its iBuyer service for the rest of 2021

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.”

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