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Existing-home sales down for the second consecutive month in January

Existing-home sales fell 3.2 percent in January for the second consecutive month, according to the National Association of Realtors. Last month’s total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, saw the largest annual decline in more than

Report: Listings, prices increasing in Florida

While a tight inventory continues to affect the Florida housing market and drive up median prices, the latest report from Florida Realtors reveals a cause for optimism for buyers: new listings rose, albeit slightly, in January.  New listings for

Groundbreaking new website on flood zones could alter homebuying

A new website could alter the process of searching for a home in coastal cities in the future. The website, Buyers BeWhere, uses Google Maps to break down residential risk by home. The project has been gathering information for

Miami Moves: Personnel updates around the city

Caprice Weber and Cathy Strafaci were recently promoted to managing director roles at Douglas Elliman, according to The Real Deal. Weber oversees Elliman’s new development projects in Broward and Palm Beach counties. She previously was president of the Florida

Cost of living in Miami to rise significantly in 2018

If you’re thinking of buying or renting a property in Miami in the new year, you may want to consult your checkbook first. GOBankingRates looked at Zillow’s year-over-year home value and rent forecasts as well as the U.S. Bureau

Real estate tech company Homesnap secures $14 million in funding. How can it help agents?

With its double-pronged approach to cater to both agents and homebuyers, Homesnap continues to increase its reach in the industry, recently securing $14 million in series B funding. Homesnap serves more than 800,000 agents and brokers, helping them boost productivity

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Real Estate in Brief: Builder confidence steadies, home sizes decrease and more

While tight inventory continues to nag the U.S. housing industry, homebuilders around the country are confident in the market, according to the National Association of Home Builders. The Housing Market Index revealed that builder confidence for new single-family homes

This Week in Miami Real Estate: Bijou Bay Harbor progress, mansion built for a Victoria’s Secret model and more

South Florida’s Bijou Bay Harbor has officially sold 75 percent of its 41-residence property. Located in Bay Harbor Islands, Bijou underwent construction last year and is planned to be completed by the second quarter of 2019. The property’s development

Report: Low inventory not enough to hold back strong Florida market

Sales and median home prices both increased to close out 2017, according to the latest report from Florida Realtors.  “Florida’s economy is growing, the jobs outlook remains strong and more people are moving to the Sunshine State,” said 2018 Florida

Redfin: A quarter of buyers would be ‘unfazed’ by rising mortgage rates

As the mortgage rate slowly rises in the beginning of this year, only 6 percent of homebuyers said they would cancel their plans to buy if mortgage rates surpassed 5 percent, according to a late 2017 survey by Redfin. By the end

With rising in home prices, nearly two-thirds of the market hit all-time highs

In the final three months of 2017, home prices overall reached an all-time high in 114 markets, according to the latest quarterly report by the National Association of Realtors. The national median price for a single-family home in the

What wealthy millennials want in their luxury homes

Rich millennials, dubbed the “New Aristocracy”, are shaping to be a profitable and impactful generation in the world of real estate. According to a recent report by Luxury Portfolio International, New Aristocracy buyers, driven by large inherited wealth, are

Lennar and CalAtlantic finalize merger, now officially nation’s largest homebuilder

Lennar’s previously-announced merger has succeeded, now making CalAtlantic a wholly-owned subsidiary. The merger was approved by 99.4% of the Lennar stockholder votes and 99.9% of the CalAtlantic votes, according to Housing Wire. “We are extremely pleased to announce the completion of

National Real Estate News Briefs: Trulia launches new tool to provide local LGBTQ non-discrimination laws

Trulia has launched a new tool to help homebuyers who may encounter discrimination due to their gender or sexual orientation. The real estate listing company will now include a feature called Local Legal Protections, that gives insight into a

Single homebuyers require 11 years of saving to afford a down payment

Singles aspiring to become homeowners require patience before they can fulfill this element of the American dream, almost 11 years’ worth, according to a new Zillow analysis. To afford a 20 percent down payment on the average U.S. home,

This Week in Miami Real Estate: One River Point, Amazon secrecy and more

Construction at One River Point has gotten underway this week, according to The Next Miami. The unique luxury development along the Miami River will include two towers connected by a “floating sky bridge” and is expected to go vertical

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