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

News / Features

Lenders accused of maternity-leave discrimination

Denying a mortgage to a woman because she is on or plans to be on maternity leave is against the law, but some lenders are accused of doing just that.

Bal Harbour Penthouse
$20.5 million penthouse sale marks highest-priced condo sale in Bal Harbour

A beautiful, oceanfront penthouse in the Oceana Bal Harbour complex has closed for $20.5 million, marking the highest-priced sale for a condo unit in Bal Harbour since 2014.

Making Moves at Monaco Belinda Andretti
Monaco Yacht Club & Residences welcomes luxury real estate expert, Belinda Andretti

Monaco Yacht Club & Residences has announced that Belinda Andretti has joined their sales team.

NAR: U.S. housing market is short 5.5 million homes

The shortage of housing in America is more “dire” than previously expected, and the NAR’s new report puts pressure on lawmakers to provide additional public funding and policy incentives to fix this massive underbuilding gap.

US Existing Home Sales
Existing-home sales slide again nationwide in May

Existing-home sales declined nationwide for the fourth month in a row in May, as the median price for existing homes hit another record high, the National Association of Realtors said. 

Broward County existing home market
Market Reports for St. Lucie, Martin, Palm Beach and Broward Counties

May showed the momentum keeps building in the South Florida housing market with rising prices and shorter times from listing to contract.

new home mortgages
New-home mortgage applications drop 9% in May

Mortgage applications for new-home purchases fell 9% on a monthly basis and 5.9% on a year-over-year basis in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.

Home inside commercial development
Coral Gables man refuses to sell family house swallowed by massive development

A small single-family house stands in the middle of a huge construction project in Coral Gables. The $600 million commercial development is the largest in the city’s history.

70% of homebuyers face bidding war
70% of homebuyers still facing bidding wars

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.

South Beach
ONE Sotheby’s, Linda R. Olsson, Douglas Elliman and others report luxury market still ‘on fire’

As the South Florida economy rebounds, the real estate market squeezes out local residents with out-of-town buyers and an ‘on fire’ luxury segment.

Miami-Fort Lauderdale home inventory levels dropped in May

Only six of the country’s top-50 largest markets saw inventory fall from April and new inventory has trended up since mid-March.

Miami home sales transactions up 131.8% from a year ago

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Miami dipped even further, declining 14.7%, according to the RE/MAX May National Housing Report.

Jills Zeder Group
REAL Trends ranks Miami-based Coldwell Banker Realty Jills Zeder Group No. 1 in nation

The Jills Zeder Group of Coldwell Banker Realty earned the No. 1 ranking on the 2021 REAL Trends, The Thousand list, for large teams in the US.

May 2021 New Home Construction Data
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Florida ranked 14th-best state to live in

Florida is the 14th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. 

Leading Indicator of Demand REDFIN
Housing market simmers down, but pending sales are still up

Although pending home sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

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