News / Features

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5 facts that describe Generation X homebuyers

With all the talk of Millennials and how they fit into the housing market, Generation X doesn’t get a lot of attention as a home-buying population. Gen X-ers, aged 37 to 51 years, make up the second largest share

The top 5 best and worst-performing Miami housing markets in Q1 2017

Home sales are slowing down in the Miami area, but there are a few areas that are bucking the trend. First-quarter sales figures showed that Miami-Dade had 5,939 sales closing so far this year. That’s down 14 percent from Q1

Millennials don’t want to be tied down by homeownership, study shows

There are a number of possible reasons why Millennials are not buying homes. That they don’t make enough money and are too saddled with debt are common explanations. While those things are true, a new study puts some numbers

Miami foreclosures fall below pre-recession levels

Miami foreclosure activity falls below pre-recession averages, according to a new report from ATTOM Data Solutions. Nationwide first quarter foreclosure activity also was reported as below pre-recession levels. The Miami-Fort Lauderdale-West Palm Beach MSA reported 6,612 properties with foreclosure

New construction: bigger homes, smaller lots

  New homes are getting bigger, which has helped in balancing out price appreciation while the market sees low inventory and high demand, reports CoreLogic Chief Economist Frank Nothaft, based on Census Bureau data on new residential construction.   What’s changed?

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Cash sales drop significantly in Miami

Despite a slight rebound in February 2017, cash sales of homes in Miami have declined significantly, a sign that international and big-money investors are cooling on the market, according to a recent market study. There were 289 homes paid

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More renters have no plans to move, own a home

  More renters are saying they have no plans to move this year and have no interest in owning a home, according to a new survey from Freddie Mac. The survey also found that the expectation to purchase a

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Homes sold faster than ever this March

Homes sold faster this March than any other March in seven years, thanks to rising demand and still-shrinking inventory, according to Redfin’s recent housing market report. Home sales jumped 9 percent in March when compared with March 2016, even as

Vacation home sales plummet

Vacation home sales have dropped significantly, according to a recent study by the National Association of Realtors. Only accounting for 12 percent of all transactions in 2016, vacation home sales fell to an estimated 721,000 transactions—the lowest since 2013 (which saw

Here’s how much Miami homeowners pay in property taxes

Miami homeowners pay a modest amount in property taxes, at least compared to other big cities with expensive housing markets. Local taxing authorities raked in over $4.8 billion in property taxes last year, according to recent tax information released Thursday

Tesla announces new residential solar products set to hit the market by the end of 2017

  Tesla announced their new solar panels on their website last weekend, offering an alternative option from their solar roof tiles released last fall, which Tesla will begin taking orders for this month. The panels are expected to have an install

The real story behind the nationwide housing shortage

A nationwide inventory shortage is hampering the housing market’s growth, but the shortage isn’t uniformly affecting every market. In fact, a market is more likely to have a housing shortage if its housing prices have recovered to pre-crash highs,

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Affording a down payment is biggest hurdle to homeownership, Miamians say

About 70 percent of renters say securing enough cash for a traditional down payment is the biggest obstacle to buying a home, according to a study by Zillow. With an average mortgage payment costing less on a monthly basis

Consumers recognize seller’s market with rising home prices

  Housing confidence fell 3.8 percentage points in March following a survey high in February, according to Fannie Mae’s Home Purchase Sentiment Index ®. The net share of Americans who say it is a good time to buy fell

5 facts that explain Older Boomers’ homebuying habits

With all the talk of Millennials and how they fit into the housing market, retirement-age Baby Boomers don’t get a lot of attention as a home-buying population. The numbers show, however, that “Older Boomers” aged 62 to 70 years

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Miami developers get creative with incentives to boost sluggish condo market

Miami’s condo market has slowed considerably, as unsold units pile up to create previously unseen inventory levels. To address the problem, developers are getting creative with the kinds of incentives they’re offering to buyers. Luxury condo buildings are seeing international

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