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

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Real Estate in Brief: Hope for homebuilders, FHFA shakeups and more

While the broader U.S. financial market has struggled to recover from a sudden drop in stock prices near the end of 2018, shares of major homebuilders have made big gains. The Wall Street Journal reported that since the start

Mid-market home sales grow in otherwise cool December

While December home sales locally and nationally failed to meet expectations, certain sectors of the Miami housing market still saw growth in what was otherwise a dull finish to the year. According to data from the Miami Association of

Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

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Why home remodelers are thinking like real estate brokers in 2019

Homebuilders today are finding their business prospects increasingly pressured by higher costs for materials and skilled labor. Those costs — and financial strain — inevitably trickle down to real estate developers, homebuyers themselves and even the real estate agents

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December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

Getting buyers off the fence in the new year

With limited inventory and rising interest rates, clients who have been thinking about buying a home in 2019 may feel cautious about jumping in. In fact, Fannie Mae’s most recent Home Purchase Sentiment Index recorded a 12-percentage point decrease in

This Week in Miami Real Estate: iBuyer expansion, office deals and more

Zillow’s iBuyer program that offers cash for homes listed on its website will expand into five more markets, including Miami, this year. Zillow Offers is the company’s recently rolled-out online platform that can quickly provide a cash offer to

What agents and their clients should know about moving scams

Agents have a responsibility to do right by their clients in every way possible, but in the complex, lengthy process of buying and selling a home, not everything may be within an agent’s full control. Criminals and con artists

Home listing growth accelerates to near 4-year high

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent

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South Florida home sales over $1 million increased in 2018

More South Florida homes and condos sold for at least $1 million in 2018 compared to the previous year, according to a luxury market report from The Keyes Company. Across Miami-Dade, Broward, Palm Beach and Martin Counties, single-family home

Real Estate in Brief: Opportunity Zone delays, single-family rents and more

New federal tax breaks available to real estate investors and developers under the Opportunity Zone program have already attracted billions of dollars from funds set up to utilize them. But the program’s complex, unfamiliar rules has also generated questions,

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This Week in Miami Real Estate: Lender acquisitions, office openings and more

Miami-based mortgage lender Movement Mortgage announced Jan. 9 that it planned to acquire several retail branches from Eagle Home Mortgage, the financing arm of Lennar Corp. Terms of the deal have not been fully disclosed, but HousingWire reports it

Miami Realtors host groundbreaking for cargo container concept home

The Miami Association of Realtors hosted a groundbreaking event Jan. 9 for a one-bedroom home in South Miami built from a metal shipping container, the first of its kind in the area and a prototype for what could be

Real Estate in Brief: Shutdown studies, interest rate insights and more

The partial shutdown of the federal government is entering its 20th day, and reports of its myriad ripple effects continue to surface. The latest bit of insight from the real estate industry is a Jan. 7 survey by the

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Miami suburbs see spike in renter population

Renting has long been more popular than homeownership in some areas, but it’s increasingly shifting from a strictly urban phenomenon to a suburban one. According to data analyzed by RENTCafé, a few Miami-area suburbs ranked near the top of

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Gary Keller returning to Keller Williams as CEO

In an email sent to associates late in the evening Jan. 8, Keller Williams Realty, Inc. announced co-founder Gary W. Keller would return to his role as CEO after having left that same post in 1995 and serving on

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