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The secret reason behind housing’s inventory shortage

When it comes to the housing market’s ever-worsening inventory situation, one factor receives an outsized share of the blame – the historically low levels of home construction. Although the explanations for construction’s low volume differ – NAR has consistently argued that builders

Miami Association goes to Colombia, continues expanding international network

The Miami Association of Realtors continues to be an active force in expanding the city’s international appeal, this time presenting at Colombia’s largest property showcase, El Gran Salon, which was hosted in the country’s capital of Bogota. The expo, which

Miami starter homes getting more out of reach for homebuyers

Starter homes in the Greater Miami area remain affordable relative to most of the country, but not for most of its residents – and it’s only getting worse. That was the finding of a very interesting new study from Trulia, which assessed

Do not worry – rising mortgage rates are not the end of the world

The news sounds bad: mortgage rates have risen aggressively since the presidential election, and are now at their highest level since July 2015; for the first week in December, rates posted the largest weekly jump since 2013; and the Federal

As Miami’s condo market plummets, commercial real estate soars

The foreign presence in Miami’s real estate market has long preferred residential investments over commercial ones – evidence of a desire to make quick or protect money rather than plant long-term roots. However, as Alex Zylberglait, a real estate

Miami buyers get more for less than they would in New York, and elsewhere

Median home price in the U.S. is averaged at $300,000, which gets you, again on average, 1,700 square feet. But when you boil it down, those numbers don’t really mean anything, because they represent too wide an area. That’s

4 reasons suburban markets are thriving – and will only grow stronger

Over the last 15 years, 91 percent of population growth in the country’s 50 largest and most urban cities took place in the suburbs, according to a joint report from the Urban Land Institute and RCLCO. That’s a stat

Colombia, again, tops Miami real estate searches

In September, Colombia once again topped all foreign countries searching www.miamire.com for South Florida real estate, according to new data from the Miami Association of Realtors (MIAMI). Colombia has remained at the top of MIAMI’s list for 10 consecutive months. South

A shocking number of mortgages are being denied in Miami

Miami may very well be the most difficult city in America in which to get a mortgage, according to data from Case-Shiller. In 2015, 15,887 hopeful homebuyers in the Magic City filled out mortgage applications, and 3,086 were denied

NAR awarded the first Diamond Council status to MIAMI

On Nov. 5, the Miami Association of Realtors became the first Realtors association to be awarded with the Diamond Global Business Council Award, the National Association of Realtors’ highest designation. The Diamond award is reserved for councils that have earned the Platinum

Case-Shiller: Miami home prices soar above the national averages

After some strong summer months, Miami home prices remained strong as ever in the fall, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. From August to September, Miami prices were up 0.5 percent, while year-over-year, prices were

Report: Miami new construction activity skyrocketing

The Miami new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics. In October, Miami saw more than $1.108 billion in total residential construction spending, which is

Study: Low-income housing poses no threat to Miami property values

It’s been heard in probably every city in America: “We can’t build low-income housing here, because it will hurt our property values.” It’s an argument we hear from middle- and upper-class homeowners, usually buffered by reassurances of the ultimate

In October, MIAMI says bleeding market looks fine

In almost every way you cut Miami’s real estate market, prices were up and sales were down in October, according to a new report from the Miami Association of Realtors and the local MLS. On the single-family side of

What’s bringing buyers to Miami’s Design District?

Miami’s Design District is not a neighborhood rife with residential opportunity, but it anchors a coveted ring of condos and single-family homes. Residents move there to be Design District locals, and the reasons are simple: It’s a “walkers paradise”

This week in Miami real estate: Lincoln Road confirmed as top retail street and restaurateur lists home

Lots of interesting things happened this week in the world of real estate. Notable stories this week include Lincoln Road maintaining its status as a top retail street, and restaurateur Steven Perricone listing his Balle Maede Island home. And

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