News / Features

Miami ranked 7th most in-demand city based on 2020 mortgage loans

The mortgage lender looked at the average salaries of successful applicants in each city, their average FICO credit scores, the average size of their loan requests and the median list price for that location.

Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

Douglas Elliman launches new ad campaign with celebrity and influencer agents

Douglas Elliman has enlisted dozens of celebrity and influencer agents for its new advertising campaign launching in next month.

FORTUNE names Lennar Homes nation’s Most Admired Homebuilder

This annual survey is conducted by FORTUNE and Korn Ferry, a global consulting firm that identifies the companies that have the strongest reputations within their industry and across industries. 

RE/MAX, NAREB take on homeownership racial gap

The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.

South Florida brokers skeptical of Zillow deal

The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.

Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

Waterfront estate on Hibiscus Island sells for $6 million

The purchase expands buyers’ primary residence to a total of 1.25 acres on Miami Beach.

New construction home fetches $4.56 million in Pinecrest

This home has all the bells and whistles. It is a tropical modern estate with 7 beds, 7 baths and 7,994-sq. feet of interior space and a 37,461 sq. foot gated lot.

Get your kicks on Route 66

This German Catholic church and adjoining schoolhouse, built in the late 19th century, has been converted to a B&B, event hall and duplex — it even comes with its own fully functioning restaurant.

Brickell condo sales and re-sales on the rise

Brickell is fast becoming the most popular area for condo sales in the Miami area.

Bidding wars increase in local home sales

In Miami, 43.7% of Redfin offers faced bidding wars in January compared to 37.5% in December 2020.

Home sizes expected to rise in post-COVID world

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

NAR finds fewer Black Americans own homes than other groups

NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.

Low-income housing doesn’t hurt home prices

The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

Miami rent prices up slightly in 2020

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

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