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Miami area has third highest growth in suburban renters, study says

Miami has seen the third-highest growth in suburban renters of any U.S. market, according to a new study by RentCafe.com. Between 2011 and 2015, the Miami metro area has seen 56,800 new suburban renters, RentCafe reports. Only Riverside, CA,

Fort Lauderdale, Palm Beach Realtor groups to merge, create third largest in the country

The Realtor associations covering Fort Lauderdale and the Palm Beach area have announced plans to combine into what would be the third largest Realtor association in the country, the groups announced Thursday. More than 30,000 real estate professionals would

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Housing affordability rises nationwide in Q1 2017

U.S. housing affordability increased slightly in the first quarter of 2017 due to rising wages and moderating home prices despite increasing mortgage rates, according to National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). Between January and

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Housing sentiment rebounds in April, survey says

The Home Purchase Sentiment Index (HPSI) rose by 2.2 percentage points in April to 86.7 percent and three percentage points compared to last year, according to April 2017’s National Housing Survey. Out of six total components, four saw positive gains when

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See which Miami ZIP code has the most “equity rich” properties

According to the Q1 2017 U.S. Home Equity & Underwater Report from ATTOM Data Solutions, nearly 5.5 million U.S. properties are seriously underwater, which represents almost 10 percent of all mortgages. This is up from 5.4 million in Q4,

Cervera VP John Reza Parsiani on adapting to a changing Miami market

Editor’s note: In his own words, John Reza Parsiani tells us about the current makeup of the Miami housing market, and how brokers should adapt to a saturated market. His words have been adapted from a Q & A

Fed could hike interest rates 9 times by 2020, report says

After remaining flat for years, federal interest rates could be increased nine times by 2020, according to the Congressional Budget Office’s 2017 Budget and Economic Outlook. The Federal Reserve’s policy committee met last week and determined that no federal

Markets nationwide return to normal economic and housing activity

In the first quarter of 2017, markets nationwide have shown, on average, 100 percent normal economic and housing activity, according to the National Association of Home Builders‘ (NAHB) First American Leading Markets Index (LMI), which is based on current price,

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Miami has the 9th most expensive rental market in the country, study says

  Miamians priced out of homeownership are not likely to find much relief on the rental market, as rents in Miami are the ninth-most expensive in the country, according to a new study by apartment searching website Zumper. In ranking the

Builders think families with children will have highest impact on home sales

Builders find that families will children will have the highest affect on home sales in 2017, according to the 2017 Builder 100 survey. Of its respondents, 68 percent believe that families with children will drive home sales, followed by

Miami homebuyers will find the best deals during the winter months

  As home shopping season goes into full swing, buyers may find that patiently waiting for late summer listings will lead to the best selection and prices. A new report from Zillow looked at the listings and price data

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Miami is still the most popular U.S. market for international buyers

South Florida is the most-searched U.S. market by international consumers, and Canadians are the ones most interested in the locale, according to the Miami Association of Realtors. The Miami metro area, including Ft. Lauderdale and West Palm Beach, came

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Nearly 90 percent of Miami homes have not recovered their pre-recession value

The prevailing sentiment in the housing market is that it’s a great time to sell, as housing prices and demand has steadily creeped up. While that may be the case, such a rosy portrait of the market doesn’t tell

Renters can afford pricier-than-average homes without increasing monthly expenses

Renters paying the median U.S. rent could afford a house that is 50 percent more expensive than the median U.S. home value, according to a new Zillow study. The study found that with an increase in rent prices across

Sellers believe they have all or more control over the market, survey says

Home-seller confidence got a boost in April this year after home sales and prices picked up in March. Home prices continued an ongoing five-year upward trend, up 7.5 percent from last year to a national median sale price of $273,000. Sales growth

Miami partners with local startup to ease development zoning hurdles

Gridics has announced a partnership with the city of Miami to create Zonar.City, the first digital zoning software application of its kind. The application is designed to aid in the sometimes slow and painful zoning process by expediting development plan compliance reviews, conducting real-time 3D

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