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Miami’s new construction market trips in January

Miami’s new construction market plummeted in January, as spending dropped double digits from a year prior, according to research from Dodge Data & Analytics. But the dip isn’t so bad. Yes, residential construction spending from Jan. 2016 to Jan.

Survey: Borrowers worry how Trump and DeVos will manage this barrier to homeownership

The Millennial homeownership rate fell to a 30-year low last year, and a big contributor to that trend is growing student loan debt. The country has an opportunity to address the issue under newly elected President Donald Trump and

3 trends that defined Miami’s housing market in January

In its monthly market report, Redfin dissected dozens of markets across the nation and found that in January, buyers typically faced three challenges: rising prices, low inventory and a fast market. That was certainly true in Miami. Prices continue

Miamians are undervaluing their homes

There is a slight disconnect between homeowners and appraisers in Miami, according to Quick Loans’ latest National Home Price Perception Index (HPPI). The good news is the disconnect is in the favor of homeowners. In February, homeowner opinion in Miami placed

When does owning in Miami become a better deal than renting?

Buying a home in Miami is a great deal – so long as the owner stays in it for more than two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner

3 things driving buyers to Miami Beach

Greater Miami is a patchwork of neighborhoods – each defined by its culture, population, and residential and commercial makeup. Here’s why people are buying in Miami Beach: Putting forth a big environmental effort – Miami Beach is unique in

Two signs that Miami’s housing market is in for a correction

The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job

Little Havana designated a ‘national treasure’ by National Trust

What Miamians have long believed the National Trust for Historic Preservation (NTHP) has just confirmed: Little Havana is a national treasure. And indeed it is. The neighborhood is representative of the original American Dream, a refuge where the disenfranchised

Miami construction caps off 2016 with strong growth

The Miami new construction market concluded 2016 in strong fashion, according to research from Dodge Data & Analytics. In December, Miami saw more than $618 million in total residential construction spending, which is a 7 percent decline from Nov. 2015. However, year-to-date construction spending, which

Despite improvements, Miami’s housing market still among most unequal in U.S.

Although Miami’s inequality gap is narrowing – luxury home prices have shrunk, while the market’s bottom price has risen – it still remains one of the country’s most unequal housing markets. How unequal? About 5.5 times as much, according to

Study: Golf courses boost home values throughout South Florida

There are dozens of golf courses in Greater Miami, and regardless of what you think of them or their long-term economic viability, they are good for surrounding property values, a Florida Atlantic University study shows. After reviewing more than 10,000

Miami posts five years of price growth – but sales keep falling

Miami home prices have been increasing for five straight years, bringing the most recent (Dec. 2016) median price to $305,000, a 9.5-percent increase from the same time a year prior, according to a new report from the Miami Association

Miami Beach neighborhood in nation’s top 5 most exclusive

Miami Beach’s Fisher Island was the most exclusive neighborhood in Florida, and was in the top five nationwide in 2016, according to a report from Property Shark. Trailing only three other markets – two in New York and one

Florida is the nation’s No. 1 destination for retiree homebuyers

There is no better place to retire in the country than Florida, according to a new report from WalletHub, and the state’s real estate market stands to gain big because of it. Basing its analysis on more than 30

The 4 things agents must know about Greater Miami’s foreign buyers

Foreign buyers play a significant role in Greater Miami’s real estate market. Last year, they accounted for $6.2 billion in closed purchases, nearly 40 percent of total sales volume, according to the Miami Association of Realtors’ latest international buyer

Miami’s top 10 international buyers, and who’s spending the most

Foreign buyers in Greater Miami spent $6.2 billion in real estate transactions last year, a slight increase from the year prior, according to the newly released 2016 Profile of International Homebuyers of Miami Association of Realtors Members. Produced jointly

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