News / Features

Stephen Adama joins Embrace Home Loans as President of National Retail Production

He will work to increase the company’s retail sales force and expand its retail footprint.

Employment growth misses estimates in April with 266k new jobs

The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.

Life under the dome

No, this mind-blowing house is not an optical illusion — it’s a geodesic dome home that would make Buckminster Fuller proud.

Tampa named a top moving destination in U.S.

Tampa has been ranked as the 10th moving destination by Penske Truck Rental in its 11th annual Top Moving Destinations list.

New-construction home sales soar to record highs

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Miami and nationwide.

Mortgage applications dip as rate increases in latest MBA survey

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

Condo market heating up in Coral Gables

Condo developer seeing new buyers from California, New York and south Florida.

JV acquiring almost 2,000 homes throughout the South for single-family rentals

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.

Home seller profits up nationwide as market averts COVID damage

In 40% of metro areas analyzed, home prices in the first quarter hit or tied new peaks according to the report, including Miami. 

Florida-based Vintage Estate Homes to be acquired by California homebuilder

Landsea Homes Corporation, a residential homebuilder based in Newport Beach, California, has entered into an agreement to acquire Vintage Estate Homes, a Florida-based homebuilder, for $54.6 million. Vintage Estate Homes employees are expected to transition and become part of

Miami area homes selling faster than ever, as prices continue to rise

Homes stayed on the market for 19 days less than they did last year, at an average of 72 days.

Housing inventory surge shows signs of relief for buyers

The boost in inventory shows signs of seasonal norms as supply starts to catch up with demand.

New-home sales surge 21% in March

Year over year, the pace of sales was up 66.8% nationwide.

Biden Administration announces additional 22,000 H-2B visas

The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.

Forbearance rate drops to 4.5%

As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.

Miami rent dip slightly after a year of COVID

Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.

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