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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

Florida No. 2 for population growth – will real estate markets follow?

The U.S. Census released it 2016 population estimates this week, showing state-by-state growth from 2015 to 2016, and almost nowhere were gains bigger than in Florida. The state’s population made a 367,525-person leap from 20.24 million to 20.61 million

8 reasons President Obama was housing’s champion

President Obama’s legacy will take shape over the coming years, but one thing is clear – he will be remembered as a champion of homeowners, a fact his record bears out. Here are a few of his most notable achievements, as they

Miami is a top 10 market for immigration – that is great for housing

There are more than 44 million immigrants living in the U.S. They account for about 13.6 percent of the total population, and together represent billions in annual real estate transactions – Miami is one of the eight best cities at

UpstreamRE appoints new member to its board of managers

UpstreamRE, LLC – the real estate broker-owned and controlled data management company that governs Upstream, a collaborative broker initiative – has appointed Gurtej Sodhi to its board of managers. Upstream is a comprehensive data management project that aims to deliver

The secret reason behind housing’s inventory shortage

When it comes to the housing market’s ever-worsening inventory situation, one factor receives an outsized share of the blame – the historically low levels of home construction. Although the explanations for construction’s low volume differ – NAR has consistently argued that builders

Miami Association goes to Colombia, continues expanding international network

The Miami Association of Realtors continues to be an active force in expanding the city’s international appeal, this time presenting at Colombia’s largest property showcase, El Gran Salon, which was hosted in the country’s capital of Bogota. The expo, which

5 striking predictions on where housing is heading in 2017

Nearing the end of another year, speculation is now hitting its greatest height for how the next chapter in the housing recovery will take shape. Countless “experts” have offered cursory, drive-by analyses of where the market is heading, but there

Miami starter homes getting more out of reach for homebuyers

Starter homes in the Greater Miami area remain affordable relative to most of the country, but not for most of its residents – and it’s only getting worse. That was the finding of a very interesting new study from Trulia, which assessed

The damage $1,000 could do to home affordability

Affordability is a chief concern in any real estate market. But even though it’s a popular talking point for industry insiders, few understand the true volatility of “affordable.” To some families, the line keeping them out of homeownership is

Congress fails to renew the Mortgage Debt Forgiveness Act through 2017

The U.S. Congress has adjourned for 2016 without extending the Mortgage Debt Forgiveness Act, which will now expire at the end of the year. Originally passed in 2007, the act has protected underwater homeowners from incurring tax bills on the debt

Trump’s immigration policies may dramatically increase foreclosures

There are about 11 million illegal immigrants in the U.S., eight million of whom are a part of the country’s labor force. Although it’s hard to say where President-elect Donald Trump actually stands on undocumented workers – he has promised to deport all of

Do not worry – rising mortgage rates are not the end of the world

The news sounds bad: mortgage rates have risen aggressively since the presidential election, and are now at their highest level since July 2015; for the first week in December, rates posted the largest weekly jump since 2013; and the Federal

As Miami’s condo market plummets, commercial real estate soars

The foreign presence in Miami’s real estate market has long preferred residential investments over commercial ones – evidence of a desire to make quick or protect money rather than plant long-term roots. However, as Alex Zylberglait, a real estate

How a Trump administration may change the mortgage interest tax deduction

Steven Mnuchin, a former investment banker who is President-elect Donald Trump’s choice for Treasury Secretary, made headlines a couple weeks ago when, in his first official interview as Treasury nominee, he suggested sweeping changes are in store for the country’s tax

Real estate leaders show concern for the 2017 market

We are only a few weeks away from the New Year, and a little over a month away from a new president, but the future of the economy, and housing specifically, has never been more uncertain. At least those

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