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Reis: Miami Rents Up 3.8% From Last Year

In the last four years, the U.S. apartment vacancy rate has been cut in half; what’s happened at the local level? Reis, Inc. released its latest report on the nation’s rental markets yesterday, and it featured a stunning statistic:

Miami Ranks No. 8 for Most Open Houses

Miami was recently ranked No. 8 on HomeFinder.com’s list of the top 10 U.S. cities with the most upcoming open houses. With the average cost of an open house listing at $599,450, Miami has 48 upcoming open houses. Improvements

Florida Home Prices Up 12.3% in CoreLogic HPI

Home prices continued their ascent in February, according to the latest index from CoreLogic. Home prices in the Sunshine State increased 12.3 percent year-over-year in February, according to the latest Home Price Index from CoreLogic. That yearly total was

How Much Square Feet Does $1 Million Buy You in Miami?

$1 million is a great deal of money…or is it? How much does $1 million really buy you in today’s real estate markets? How much housing does $1 million really buy you? That was the question behind a recent

Inventory in Miami Jumps 29.2% in February

Housing inventory has been a most blue of topics for our local market, but have things finally turned around? We keep hearing reports that the nation’s housing inventory has turned the corner, but how true is that in our

Residential Construction in Miami Jumps 78% in February

We keep hearing about the nation’s residential construction market, but what about our local market? The nation’s residential construction market has been receiving (justly, we should add) quite a bit of attention from analysts and housing professionals alike, and

Avatar Adds Top Producer Robert Suarez Jr. to its Sales Team

Avatar Real Estate Services, a boutique brokerage that specializes in South Florida’s luxury real estate market, recently added broker associate Robert Suarez Jr. to its Coconut Grove office. According to a press release announcing the addition, Suarez is a

RE/MAX Florida Names Hazel Goldman Top Agent for 2nd Consecutive Year

The RE/MAX Florida Region named Hazel Goldman, Realtor with RE/MAX Advance Realty, the firm’s 2013 statewide residential top producer, according to a recent press release. Goldman won the 2012 award, as well. According to the release, Goldman generated more

Miami Posts Best Price Increase in U.S. in Latest Case-Shiller

It was a grand month for home prices in the Miami area, according to the latest Case-Shiller. January was a most encouraging month for home prices in the Miami area, according to the latest Case-Shiller Home Price Indices from Standard &

Rated X – the 7 Things You Should Know About Gen X Homebuyers

What are the most important trends and details about Generation X, as it pertains to the housing market? For our second story on NAR’s Home Buyer and Seller Generational Trends report, we’re looking at the one generation that is rated

MAR: Home Prices Rose in February

Median sale prices for single-family homes and condominiums increased in February, according to a recent release from the Miami Association of Realtors (MAR), which noted that February became the 27th consecutive month of increases in home prices. The median

How Does Growing Inequality Affect the Housing Market?

Economic inequality is surging just about everywhere; how could that impact the local housing market? Income inequality has become a major news item in recent months, and for good reason – by almost every economic measure, inequality has increased

Time on Market in Miami Down 7.59%

Median time on market was way out of whack during the years of the downturn; has it finally turned the corner? Time on market has been among the most oft-watched measures of the housing recovery, and new numbers from

Price Per Square Foot in Miami Leaps 18.10% in February

Property values in Miami continued to increase markedly in February, according to the latest numbers. Home values have been rising steadily in many metropolitan housing markets, but did that progress end in February? Take a look at our graph,

Hyde Resort & Residences: 75 Percent Reserved

Though completion is not expected until 2016, 75 percent of the units at a planned 40-story resort in Hollywood Beach are reserved. Hyde Resort & Residences, a joint venture announced by The Related Group and Fortune International Realty last

CoreLogic: Florida Foreclosure Inventory Down 37% in January

Our fine state continued to make progress through its foreclosure inventory in 2013, according to new analysis. Foreclosure inventory in Florida is down a whopping 38 percent year-over-year through January, according to the latest National Foreclosure Report from data

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