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

National News

Fed could hike interest rates 9 times by 2020, report says

After remaining flat for years, federal interest rates could be increased nine times by 2020, according to the Congressional Budget Office’s 2017 Budget and Economic Outlook. The Federal Reserve’s policy committee met last week and determined that no federal

Markets nationwide return to normal economic and housing activity

In the first quarter of 2017, markets nationwide have shown, on average, 100 percent normal economic and housing activity, according to the National Association of Home Builders‘ (NAHB) First American Leading Markets Index (LMI), which is based on current price,

Builders think families with children will have highest impact on home sales

Builders find that families will children will have the highest affect on home sales in 2017, according to the 2017 Builder 100 survey. Of its respondents, 68 percent believe that families with children will drive home sales, followed by

Miami homebuyers will find the best deals during the winter months

  As home shopping season goes into full swing, buyers may find that patiently waiting for late summer listings will lead to the best selection and prices. A new report from Zillow looked at the listings and price data

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Nearly 90 percent of Miami homes have not recovered their pre-recession value

The prevailing sentiment in the housing market is that it’s a great time to sell, as housing prices and demand has steadily creeped up. While that may be the case, such a rosy portrait of the market doesn’t tell

Renters can afford pricier-than-average homes without increasing monthly expenses

Renters paying the median U.S. rent could afford a house that is 50 percent more expensive than the median U.S. home value, according to a new Zillow study. The study found that with an increase in rent prices across

Sellers believe they have all or more control over the market, survey says

Home-seller confidence got a boost in April this year after home sales and prices picked up in March. Home prices continued an ongoing five-year upward trend, up 7.5 percent from last year to a national median sale price of $273,000. Sales growth

Q1 sellers see highest ROI on homes since 2007

  Homeowners who sold their homes in the first quarter of 2017 saw the highest average price gain for home sellers since the third quarter of 2007, according to a new report from ATTOM Data Solutions. The Q1 2017

Homeownership rate stabilizes, survey says

  In the first quarter of 2017, the homeownership rate was only slightly less than the previous quarter at 63.6 percent, remaining below the 27-year average rate of 66.1 percent, according to the Census Bureau’s Housing Vacancy Survey (HVS). Since the national

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Homes sold faster in March compared to the previous month and year

Properties, on average, remained on the market for 34 days in March 2017, a shorter amount of time compared to February 2017 (45 days) and March of last year (47 days), according to the National Association of Realtors’ monthly Confidence

Low inventory led to cooling homebuyer demand in March

  The Redfin Housing Demand Index decreased in March to 108 from 123 in February, a 14 percent drop, according to Redfin’s latest report. Although the trend of homebuyer demand is cooling down from its record high of 132

Fannie Mae announces new programs to help borrowers with student loan debt

Fannie Mae announced a new student loan cash-out refinance program and policies to help borrowers who are burdened by student loan debt. There are three major policies and programs that will be implemented. Student Loan Cash-Out Refinance: Homeowners will

Getting inside the head of this spring’s homebuyer

  The recently released Active Spring Home Shopper report from realtor.com dives into the mind of this spring’s cohort of homebuyers by breaking down their needs by age group. According to the report, privacy is the top reason out of 10 that

March was the best month for home sales since the market crash

Thanks in part to some slight relief in housing inventory woes, March saw the strongest home sales of any month since the housing market collapse, according to the National Association of Realtors. In Miami, sales of single-family homes rose to the

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Miami rents have decreased in the past year

  Miami rents decreased 0.6 percent in the past year to an average of $1,849, according to the March Zillow Real Estate Market Report. From 2015 to 2016, rent in Miami increased 5.0 percent. Rents rose only 0.7 percent nationwide compared to

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Single-family housing development to outpace multifamily, report says

  More investors and lenders are predicting an increase in single-family housing development that will outpace multifamily buildings, according to the 2017 Akerman U.S. Real Estate Sector Report. Of those surveyed, 43 percent said single-family homebuilding will be the most active

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