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FHA to reduce annual insurance premiums in 2017

In what is likely his final act as the Secretary of Housing and Urban Development, Julián Castro today announced a reduction in FHA mortgage premiums from 0.85 percent to 0.60 percent. According to an announcement from HUD, the FHA’s annual

Miami named a top 3 job market

Miami is the nation’s twelfth-best city for jobs, and has the country’s No. 3 job market, according to a new report from WalletHub. The Magic City’s job market is likely to appeal to young professionals on the cusp of entering

Buying beats renting throughout Greater Miami

It makes more financial sense to buy than rent in Greater Miami, according to new research from ATTOM Data Solutions. In its analysis, which incorporated 2017 rent data from HUD, wage data from the Bureau of Labor Statistics and public record sales deed data from 540 counties,

The smart-home feature that homebuyers want in 2017

Smart home technologies are one of the most pervasive trends in real estate today, and a recent survey from Coldwell Banker and Vivint Smart Home found that among the currently available varieties, voice automation is the most popular. Understanding

Sente Mortgage chief executive talks housing under Trump (Part 1)

Tom Rhodes is the CEO of Austin-based lender Sente Mortgage, and a past president of the Texas Mortgage Bankers Association. In our conversation with the long-time lender, we discussed what housing will look like under President Trump, Housing Secretary

Miami housing stock country’s No. 5 most valuable

Miami’s housing stock is the No. 5 most valuable in the entire country, according to a year-end analysis from Zillow. Altogether in 2016, Miami’s residential properties tallied a worth of just over $818 billion, topping other major markets like

A guide to the 2017 buyer: Young Boomers

As we mentioned in the last entry in our “A Guide to the 2017 Buyer” series (which covered Generation X, and before that Millennials) the question of “What does this year’s buyer look like?” is particularly pressing in 2017, and for

The no. 1 reason why so few Millennials are buying homes in Miami

For years, agents and analysts alike have wondered why so few Millennials are buying homes, but a new analysis of Census data has provided a remarkably straightforward answer – they’re all living at home with their parents, and at

Miami new construction continues strong growth

The Miami new construction market continues to put up strong numbers, according to research from Dodge Data & Analytics. In November, Miami saw more than $351 million in total residential construction spending, which is a 22 percent decline from Nov. 2015. Year-to-date construction spending, though,

A guide to the 2017 buyer: Generation X

As we mentioned in the first entry in our “A Guide to the 2017 Buyer” series – which covered Millennials – the question “What does this year’s buyer look like?” is particularly pressing this year. It’s pressing because we start

A guide to the 2017 buyer: Millennials

At the turn of every new year, a question that always picks at any real estate professionals mind, any good one anyway, is: What does this year’s buyer looks like? The question is particularly important in 2017 because we’re

Long-time NAR CEO Dale Stinton retires

After 11 years as the National Association of Realtors’ chief executive, and more than 36 years of real estate service, Dale Stinton is retiring. And so the storied career of one of NAR’s most loyal employees is brought to

This week in Miami real estate: Shoma Group makes decision on Eleven on Lenox

Lots of interesting things happened this week in the world of real estate. Notable stories this week include the Shoma Group tapping Douglas Elliman for a project and AquaLuna reaching completion. And because we missed last week, we’ll also

Miami’s affordability crisis continues to grow

There is an affordability crisis building in Miami. In a fourth quarter market report released this week, ATTOM Data Solutions provided stats on price and wage growth in Miami, and the numbers showed a less-than-complimentary relationship. Since the market’s

Miami luxury and middle-market home sales skyrocket in November

Miami’s real estate market posted stellar numbers in November, particularly among middle-tier and luxury homes, a new report from the Miami Association of Realtors and local MLS showed. Single-family home sales jumped 13.1 percent year-over-year last month – a massive

5 incredible ways homeownership has changed during the housing recovery

When the U.S. housing bubble peaked in 2004 and 2005, the market seemed to be in grand shape: the homeownership rate was 69 percent; the Case-Shiller National Home Price Index was 184.4, a 135.5 percent increase from 1994; and

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