Miami joins many cities across the country in posting a steep drop in the percentage of homebuyers facing competition to get to the closing table. That’s per a new study by Redfin, which compares the percentage of buyers who

The coming spring season, when home sales usually take off, could be a great one for buyers as the stars align in their favor: Mortgage rates are low, inventory levels are higher and price growth has slowed. Already, home

First-time homebuyers hoping to utilize the popular Federal Housing Administration loan program may find it more difficult to be approved for a mortgage this year, as the agency moves to reduce growing risks related to the program. FHA loans

Downtown Miami hotel market expected to double in size A report from the Miami Downtown Development Authority projects that based on proposals and plans for upcoming hotel developments in downtown Miami, the area could see as many as 12,000

For real estate agents, spring may have arrived early this year. After a string of anemic reports through the winter, home sales numbers picked up across the U.S. in February. The National Association of Realtors reported that existing home

The state of the U.S. housing market has shifted rapidly in the last few months, but are consumers keeping up? A new survey from the National Association of Realtors makes the case that low mortgage rates and increased inventory

RE/MAX to partner with Redfin through referrals RE/MAX announced in a March 18 press release that it had entered into a “strategic alliance” with Redfin to boost sales at both nationwide brokers through referral incentives. In about 5,000 ZIP

In a positive sign for homebuyers planning on taking out new mortgages, the Federal Reserve sent its clearest signals yet that it will hold off on interest rate increases for the foreseeable future and perhaps the rest of 2019.

Miami is quickly becoming one of the most attractive destinations for technology professionals, thanks in large part to rapid job growth in this sector locally. According to a recent nationwide report from RentCafe using federal data, the Miami metro area

The National Flood Insurance Program (NFIP) has been a subject of debate for years in Congress, gaining temporary funding multiple times without any permanent solutions. Recently, representatives across political lines have shown interest in finally reaching a long-term resolution,

For most Americans, the average commute is less than 90 minutes. However, extreme commuters exist on either end of this spectrum, with telecommuters (who work from home) experiencing no travel time and so-called “super commuters” traveling over 90 minutes

This year is one of continued change in home design as consumers get revved up about more livable spaces and a surge in new home-centered technology. Trends are constantly changing, and this year, homeowners want design that will create

Rent growth picks up again in February After a brief cooling period, average rents have begun rising again in Miami and most of the rest of the nation. According to the Zillow Rent Index updated for February, rent grew

The affordable housing crisis facing much of the U.S. today is more like an affordable land crisis. In a city like Miami, the only affordable land available right now is that which is underutilized or vacant. Finding those opportunities

Lender optimism jumps as rates drift lower The latest survey of mortgage industry sentiment from Fannie Mae found lenders markedly more optimistic about their business prospects at the start of 2019. While still negative overall, the results of Fannie

Not only are the rich getting richer around the world, more people are joining the illustrious ranks of high- and ultra-high net worth individuals. That’s according to the 2019 Wealth Report from Knight Frank, a real estate and financial