The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

September’s reading of 76 was up one point from August, despite lingering challenges with labor and the building-material supply chain, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Miami Realtors 40 years old or younger were selected for excellence in sales, leadership and community service.

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

For the first time, iBuyers, also known as instant buyers, clinched 1% of the overall market share of homes purchased nationwide.

Florida had the third-most foreclosure starts in the nation during August 2021, according to new data from ATTOM’s U.S. Foreclosure Market Report.

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

The former NFL linebacker Orlandus Andre Branch’s home sold for $6.25 million. Julian Cohen, of The Jills Zeder Group, closed on the deal.

Housing inventory was down across South Florida counties during August. Existing-home sales were up in Broward and Palm Beach.

Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

FAU economist: When prices stagnate or drop, recent buyers will be stuck. Tampa highest in overpriced Florida.

Using specified criteria, the personal finance site WalletHub ranked the real estate markets of 300 cities across the nation. Find out where Miami ranks.

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.