News / Features

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Lack of new single-family homes to throw wrench in buying season

Homebuyers hoping to own a new home by summer may have to be more patient, according to a recent report by realtor.com. The seasonally adjusted numbers in the latest residential sales report released by the U.S. Census Bureau and U.S. Department of

Miami single-family luxury sales take off in March

Total home sales continue to decline in Miami, but one portion of the market has seen double-digit gains in sales volume: luxury single family homes. Home sales at $1 million or more increased by 10 percent in March versus

5 reasons why mortgage applications are denied

When entering the market for the first time, many homebuyers are unsure of what exactly is needed to qualify for a mortgage, leading to their application being rejected. A new report by LendingTree looked at over 10 million mortgage applications

Farmhouse features are the most profitable trend in starter homes

Starter homes with farmhouse-inspired features and craftsman designs are demanding the highest sales premiums, according to RealEstate.com. In the study, RealEstate.com analyzed the listing descriptions of millions of entry-level homes (homes at the bottom third of the market) to

ERA announces association with Infinity International

On May 1, ERA Real Estate announced their affiliation with Infinity International, a real estate agency based in Fort Lauderdale. Infinity, founded by Tom Stravecky, will now be ERA Infinity Properties. “ERA Infinity Properties shares our belief that technology,

Gay and Lesbian real estate group requests NAR support of anti-discrimination bills

The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) has announced their support for two Congressional bills aimed to combat housing discrimination based on sexual orientation and gender identity. Congressmen David Cicilline (D-RI), co-chair of the Congressional

Miami’s number of ‘super commuters’ explodes

Residents of modest means increasingly can’t afford to live in major urban centers, and the result is taking a toll on our highways and commutes. As more people seek cheaper housing away from inner cities, the number of “super

Homeownership continues to trend upward

The homeownership rate in the U.S. is trending upward, retaining the same 64.2 percent rate in the first quarter of 2018 as the last quarter of 2017, according to the Census Bureau’s Housing Vacancy Survey (HVS). The current rate

Real Estate in Brief: Housing inventory at record low, Compass and Freddie Mac announce new hires and more

Housing inventory is at a historic low, with nearly 9 percent fewer homes on the market than last year, according to the latest report from Zillow. Over half of the homes available are on the expensive end of the

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Here’s how much you need to earn to afford Coral Gables

Trulia has crunched the numbers to determine the best neighborhoods for living well by ranking “universally loved” features like quiet streets, parks and proximity to schools and healthcare. Now, the online real estate giant had determined how much a

Pending home sales rise slightly in March

Pending home sales rose for the second straight month in March, though lack of inventory is still having a negative effect on the market, according to a recent report by the National Association of Realtors. The Pending Home Sales

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NAHB: Nearly half of those planning to buy a home this year are first-time buyers

Nearly half of those who are planning to buy a home this year are first-time homebuyers, according to the first edition of Housing Trends Report (HTR) from the National Association of HomeBuilders. The survey found that 17 percent of respondents

This Week in Miami Real Estate: Luxury condo project gets big loan, veteran broker joins Douglas Elliman and more

JDS Development Group acquired and secured a $137 million construction loan for its Monad Terrace condominium project in Miami Beach. Financed by New York-based Madison Realty Capital, the project is led by renowned Pritzker Prize-winning architect Jean Nouvel. Monad

Homes in districts that were once redlined still lag in value

Homes in neighborhoods that were “redlined,” a practice that began in the 1930s to prevent people of certain races economic classes from buying in certain areas, still have relatively low value compared to other homes in their respective cities,

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Buyers show increasing interest in sustainable homes

Sustainable and eco-friendly homes are becoming increasingly desirable to homebuyers. In a recent survey from the National Association of Realtors’ Sustainability Program, Realtor respondents reported that the majority of homebuyers — 61 percent — are interested in green living. Additionally, 71 percent say

Florida housing market suffers from high prices and low inventory

Low inventory and rising home prices continue to plague the Florida housing market, according to the newest data from Florida Realtors. In March, the median sales price for a single-family home in the state was $250,800 — an increase of

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