Single-family homes redefine Miami modern style with The Ritz-Carlton gold standard of service.

While Northeast buyers have shown a preference for single-family homes over condominiums amid the pandemic, Arte’s low density has made it an exception.

The flight to the suburbs has become a growing preference for buyers, but renters are also finding respite in the outskirts of larger metro areas. That could help continue to drive new construction of apartments in suburbs across the country, according to a new report from Rent Cafe.

“Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.” — Don Ganguly, senior vice president of Mynd Investor Services

The decline of home mortgage interest rates is continuing to fuel homebuying demand in December, pushing the median home-sale price up 13% nationwide to $334,300, according to a new report from online broker Redfin.

Miami-Dade, Broward and Palm Beach counties all saw significant year-over-year increases in luxury single-family sales, average sales price and cash transactions.

The number of homes for sale nationwide dropped below 700,000 in December, hitting an all-time low, while home prices were up double-digits over the year prior, according to realtor.com’s Monthly Housing Trends Report.

The 8,430-square-foot residence, located at Palazzo Del Sol on Fisher Island, is listed at $17.5 million.

The sale of two waterfront lots sets new record price for Venetian Islands.

Homeowners nationwide enjoyed a more than 8% increase in home prices over the last 12 months ending in November, making it the largest year-over-year increase since March 2014, according to the CoreLogic Home Price Index.

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Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.

The report noted that 29.4% of Redfin.com users nationwide looked at relocating to another metro area in October and November — that’s up from 25.4% last year.

We asked industry experts for their predictions on the market ahead and here’s what they said.