National News

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

RE/MAX: Miami housing market takes a pause in September

Active inventory fell 6.8% to 19,683 from August, and months supply of inventory slid 11.9%, according to RE/MAX’s National Housing Report for September. 

Redfin: Climate change will exacerbate U.S. housing shortage

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

Zillow: Unprecedented housing market shift has had little impact on sellers

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report.  Consistent with the past three

EXIT Realty nurtures mental health, well-being in workplace

As COVID-19 continues to negatively impact people and workplaces, EXIT Realty Corp. International announced it is working to maintain the health and well-being of its agents and brokers through a series of programs, including its Focus on Good Health initiative.

HUD now considering climate change when underwriting loans

The U.S. Department of Housing and Urban Development (HUD) recently announced a plan that will implement new policies to combat global warming, according to a press release. 

Missing apostrophe in Facebook post lands real estate agent in court

An Australian real estate agent’s failure to use proper punctuation in a Facebook post could cost him tens of thousands of dollars, according to a report by The New York Times.

South Florida tops list for biggest construction value increase

Miami, Fort Lauderdale and Pompano Beach were ranked as the top major U.S. cities to see the biggest increase in single-family home construction value from June 2020 to June 2021, according to a report by OMNIS Panels.

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