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When does owning in Miami become a better deal than renting?

Buying a home in Miami is a great deal – so long as the owner stays in it for more than two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner

3 things driving buyers to Miami Beach

Greater Miami is a patchwork of neighborhoods – each defined by its culture, population, and residential and commercial makeup. Here’s why people are buying in Miami Beach: Putting forth a big environmental effort – Miami Beach is unique in

Two signs that Miami’s housing market is in for a correction

The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job

Congress and Trump both take shots at Dodd-Frank

Republican lawmakers and President Donald Trump delivered a one-two punch to Dodd-Frank today, signaling the beginning of a legislative brawl that could see the law entirely dismantled. It began in Congress, where Senate Republicans won an unusual 52-47 vote

2 stats that could sign an end to inventory shortages

Builders need to build – a ubiquitous sentiment throughout the country, and what some experts believe is the solution to widespread inventory shortages. Two new stats suggest that may be exactly what’s going to happen in 2017. The first stat

Meet the first-time homebuyer of 2017

This year could be the year of the first-time homebuyer. Of course, that’s what experts said last year too. But this year it might actually happen. Of course, there remain barriers to entry – tight credit, inventory shortages, high

The 7 characteristics of 2017’s Silent Generation buyers that agents need to know

Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of

Little Havana designated a ‘national treasure’ by National Trust

What Miamians have long believed the National Trust for Historic Preservation (NTHP) has just confirmed: Little Havana is a national treasure. And indeed it is. The neighborhood is representative of the original American Dream, a refuge where the disenfranchised

Builders reveal what their 10 biggest problems are in 2017

Homebuilders across the nation faced crippling labor shortages in 2016; in fact, it was the biggest problem they faced all year. Don’t expect anything to change in 2017. Eighty-two percent of builders say the No. 1 problem they expect

Miami construction caps off 2016 with strong growth

The Miami new construction market concluded 2016 in strong fashion, according to research from Dodge Data & Analytics. In December, Miami saw more than $618 million in total residential construction spending, which is a 7 percent decline from Nov. 2015. However, year-to-date construction spending, which

Despite improvements, Miami’s housing market still among most unequal in U.S.

Although Miami’s inequality gap is narrowing – luxury home prices have shrunk, while the market’s bottom price has risen – it still remains one of the country’s most unequal housing markets. How unequal? About 5.5 times as much, according to

Study: Golf courses boost home values throughout South Florida

There are dozens of golf courses in Greater Miami, and regardless of what you think of them or their long-term economic viability, they are good for surrounding property values, a Florida Atlantic University study shows. After reviewing more than 10,000

Miami posts five years of price growth – but sales keep falling

Miami home prices have been increasing for five straight years, bringing the most recent (Dec. 2016) median price to $305,000, a 9.5-percent increase from the same time a year prior, according to a new report from the Miami Association

Miami Beach neighborhood in nation’s top 5 most exclusive

Miami Beach’s Fisher Island was the most exclusive neighborhood in Florida, and was in the top five nationwide in 2016, according to a report from Property Shark. Trailing only three other markets – two in New York and one

Florida is the nation’s No. 1 destination for retiree homebuyers

There is no better place to retire in the country than Florida, according to a new report from WalletHub, and the state’s real estate market stands to gain big because of it. Basing its analysis on more than 30

What to do about Fannie & Freddie? How the Trump administration could change the mortgage industry

The Federal National Mortgage Association (Fannie Mae, created in 1938) and the Federal Home Loan Mortgage Corporation (Freddie Mac, established in 1970) are government-sponsored enterprises (GSEs) in their eighth year of conservatorship under the FHA. That is an exceedingly

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