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Miami home, condo prices still below pre-recession peak

The Miami Association of Realtors reported that median home prices are still lower than they were at their peak in 2007. The median single-family home price prior to the recession was $380,000 and is now just $335,000. As for

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Real estate no longer Americans’ top investment choice

Choosing how to invest savings can be a nerve-racking and difficult decision. For years, investing in real estate has been a popular choice for a lot of Americans, but a new survey found that’s no longer the case.  In

Survey: Homebuying among the most stressful life events

Source: homes.com Purchasing a home is meant to be a joyful accomplishment, but many Americans find it more stressful than any other major life event. A new survey from Homes.com found that nearly 40 percent of Americans said purchasing

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Zillow acquires Mortgage Lenders of America

Zillow Group took a lot of risks in the last year, but its latest is seen as one of the most uncertain. On Monday, Zillow announced plans to enter the mortgage business with its acquisition of Mortgage Lenders of America.

Study finds small-dollar mortgages denied at highest rate

Urban Institute recently identified a lack of small-dollar mortgages for single-family home purchases. When a shortage of these small loans is present, it is more difficult for those with sufficient credit to find affordable homeownership opportunities in low-cost housing

Rubio proposes federal expansion of Miami cash sales rule

Last month, the Miami Herald reported that an effort to crack down on money laundering through real estate purchases in Miami-Dade County could be expanded nationwide. In a July 31 statement made to McClatchy and the Miami Herald, Florida

Florida Realtors announces new CEO

  Florida Realtors announced Aug. 1 the appointment of Margy Grant as chief executive officer of the trade association, effective Jan. 1, 2019. Grant will succeed current CEO Bill Martin, who is stepping down from the role and retiring

Real Estate in Brief: Wells Fargo pays $2.1 billion fine, West Coast price increases and more

Wells Fargo agreed to pay a $2.1 billion fine in order to settle allegations of misrepresenting the types of mortgages the company sold to investors during the housing crisis, according to the Chicago Sun Times. Although the amount seems

Builder confidence continues to grow in 55+ housing market

Builders continue to show confidence in the 55+ housing market as the second quarter index increases to 67, one point up from last quarter. According to survey results, the National Association of Home Builders (NAHB) 55+ Housing Market Index

Miami real estate pros say buyer’s market imminent

Miami’s housing market may be turning toward one favoring buyers moreso than sellers. That’s one finding from a new study of Miami-Dade County’s real estate market by the Miami Herald and polling firm Bendixen & Amandi International. The study

Wire transfer fraud: What agents can do to prevent it

In 2017, the real estate industry saw almost $1 billion in attempted or diverted funds from buyers, sellers, title companies and escrow agencies into the pockets of online hackers. Wire transfer fraud is not a new problem for the

Smart home technology is the new standard

In today’s digital age, novel inventions that once seemed like an unrealistic dream such as self-driving cars and virtual reality have become an integral part of everyday life. Just as Tesla is revolutionizing the automobile industry, smart homes are

This Week in Miami Real Estate: Affordable housing, Puerto Rico relief and more

Real estate brokerage The Agency is set to open a location in Miami. In an interview with The Real Deal, CEO Mauricio Umansky said the Los Angeles-based company had plans to open an office in South Florida. Experts found

High-cost cities see an increase in housing inventory

The lack of inventory has been troubling on the housing market, but a new report shows some areas in the U.S. are seeing an increase in inventory. Realtor.com released its Monthly Housing Trend report for July 2018, and according

4 tips to help clients choose the right contractor for home remodels

As much as we like to talk about “curb appeal”, the interior design of a home is just as important to buyers and sellers. For sellers, a home’s design needs to be inviting, warm, and reflect what buyers are

More millennials buying homes before marriage

Recent trends in the housing market suggest that couples are reversing what used to be considered the norm: They are buying homes before getting married. The share of unmarried homeowners has spiked significantly in recent years, according to a

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