News / Features

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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Real Estate in Brief: Construction growth sees big increase, Lennar partners with Amazon and more

The real value of the construction industry rose 8.5 percent in the fourth quarter of 2017, the largest increase since the first quarter of 2016, according to the latest report from the U.S. Bureau of Economic Analysis. This surge is an encouraging

March existing home sales growing but still seeing constraints

March marked the second straight month of increases for existing-home sales in the country. Total existing-home sales rose 1.1 percent to an annual rate (seasonally adjusted) of 5.60 million, up from 5.54 million in February, according to NAR’s most

March home prices see largest increase in four years

This March, the market saw an increase of 8.9 percent in median sales price from a year ago, achieving the highest rise in price in over four years, according to Redfin. The median home sale price in March was

This Week in Miami Real Estate: Compass tasked to lead sales for OPUS Bay Harbor residential development

  Compass Florida Development Division has been designated as the leading brokerage for the new OPUS Bay Harbor residential development situated in Bay Harbor, according to a recent press release. Designed by award-winning and internationally-recognized architect Bermello Ajamil, Opus Bay Harbor

NAR: Housing affordability remains elusive nationwide

Nationally, homes are less affordable than a year ago, meaning fewer households can afford what’s currently on the market based on household income, according to joint research by the National Association of Realtors (NAR) and realtor.com. “Wages are growing, which

South Florida markets strong in first quarter

The South Florida housing market fared well in the first quarter of the year, with increased prices and inventory that drove down time on market, according to a new report from Douglas Elliman Real Estate, authored by Jonathon Miller

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