Read Today’s Top Story: Miami-Dade home sales increase again

National News

Second-home demand up 70% from pre-pandemic levels

Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

NAR: Existing-home sales rise again in October

The U.S. housing market kept firing on all cylinders, as the demand for residential real estate drove prices higher for the 116th month in a row, marking the longest streak on record.

Smaller spaces reign supreme in Miami

With the rise of remote work and a younger generation of digital nomads spending time away from home, small spaces that offer flexible living are making a comeback. As travel restrictions ease, buyers are looking for homes that provide ownership on their terms, with the ability to home-share or rent out their unit to pay the bills while jet-setting.

NAR Board of Directors meeting reveals statistics about member dues, operations

As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.

Millionaire German shepherd to sell mansion formerly owned by Madonna

The world’s wealthiest dog is about to get a little richer. Worth nearly half a billion dollars, the German shepherd named Gunther VI recently listed the former Miami estate of Madonna for $31.75 million, according to a press release.

@properties goes global with purchase of Christie’s International Real Estate

@properties is continuing its expansion strategy on an international scale, announcing today its plan to purchase Christie’s International Real Estate.

Miami-Dade County claims fifth priciest ZIP code in the country

Florida is home to the fifth most expensive ZIP code in the United States, according to a new PropertyShark report. The annual report ranks the 100 priciest ZIP codes in the U.S.

Miami mega-region outperforms state, nation in international sales

Sales to foreign buyers in South Florida were strong in 2021, despite the year’s global COVID-19 travel bans. The Miami mega-region outperformed Florida and the nation in international sales, according to the latest Profile of International Home Buyers by

Rents continue surge in large metro areas

Rental prices are surging to an all-time high after dropping considerably in 2020 due to the pandemic. In September, median rents in the 50 largest metro areas in the U.S. jumped 13.6% compared to the same month last year,

Zillow: Most home buyers middle-aged, married, college-educated

The average American home buyer is 45 years old, married or partnered, college-educated and likely to purchase a home located in the South, according to Zillow’s 2021 Consumer Housing Trends Report.  Individuals ages 30-39 make up the largest population

Florida cities dominate ‘Best Places to Retire’ list

The Sunshine State is still the nation’s most desirable place to retire, according to recent data from U.S. News & World Report. Florida metro areas secured eight of the top 10 spots on U.S. News’ 2021-2022 Best Places to

More homebuyers choosing to live in diverse neighborhoods

As more house hunters are opting to live in socially, racially and culturally diverse communities, developers are formulating strategies to list more inclusive properties on the market, according to a report by The Wall Street Journal.  Developers’ strategies include

Influx of foreign buyers expected to flock to condos, developer says

Florida real estate was a hot commodity for international buyers in 2021, and it’s about to get even hotter — especially the luxury condominium market, according to Rishi Kapoor, CEO of Location Ventures.  Earlier this year, the National Association

Mortgage applications rise despite increase in interest rates

At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.

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.

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

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