News / Features
Home prices continued to increase into the new year, making January the fifth straight month of record-high home prices, according to new S&P CoreLogic Case-Shiller Indices, which measure U.S. home prices. The latest version of the indices, generated by S&P
Homeownership rates are falling in over half of the country’s largest cities as more residents seek out rental agreements, and nowhere is the problem more apparent than Miami, according to a recent Redfin study. Though home sales jumped in 2016 and are
Freddie Mac will offer automated assessments for borrowers who do not have credit scores, saving time for lenders and expanding its lending service to more prospective customers, according to multiple media reports. Starting in June, borrowers without credit scores
Miami has become one of the least affordable housing markets in the country, and now residents are looking to live elsewhere, according to a recent study. Prices have spiked mainly due to foreign investors, while wages and average incomes have continued to
Across-the-board rises in new home sales, average sales price and inventory were reported in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Home sales in February totaled
After the successful redevelopment of the Wynwood neighborhood, developers and realtors are eyeing nearby up-and-coming neighborhoods Little Havana and Allapattah. But roadblocks exist before the communities can see the influx in real estate investment other Miami areas have seen.
The historic, nationwide housing inventory shortage could be cured by more new-home construction, real estate economist Lawrence Yun said, but barriers exist before construction can ramp up. Raising interest rates could dampen homebuying activity, with 53 percent of prospective
After a slowdown in 2016, the Downtown Miami condo market is expected to make a rebound this year, and will continue to do so until prices reach previously unforeseen numbers, according to a new municipal study. Last year
Faced with dwindling numbers of appraisers nationwide, the home evaluation industry is speaking out against regulations and industry practices they say are hurting them during a boom time in housing sales. A shortage in appraisers is accepted as fact by
A new public transportation system will arrive in Miami by the summer, and is bringing with it a massive mixed-use development to Downtown Miami. Brightline, the new rapid-transit line linking Miami to Orlando, is expected to begin service out
South Florida’s luxury home market is inundated with international buyers, but there’s one group of foreign buyers whose activity in the market is drawing scrutiny. At least 63 Russian nationals have bought $98.4 million worth of property in
Millennials value individuality and often defy tradition. But according to a recent analysis from Zillow, the full picture of the American dream has not been lost on Millennials – owning a home still remains one of the largest milestones in adulthood, though
Every year, Redfin polls recent and prospective homebuyers in an attempt to gauge how people’s views of the housing market have changed, or remained the same, from one year to the next. But this year is different. This year
Most major cities have Chinatowns – Chicago, Los Angeles, New York. So why not Miami? The City had the same thought last year in February when it passed a resolution designating the stretch of Northwest Seventh Avenue that runs between
Americans live much larger than they did 30 years ago, despite families being slightly smaller. But that doesn’t mean Americans want bigger homes. As a recent Trulia study showed, homeowners suffer from widespread “grass-is-always-greener” syndrome, in which small home
Over the weekend, many Florida REALTORs members received letters from an organization called the “Florida Board of Realtors,” which does not exist. Florida REALTORS has notified its 164,000 members of what is likely a phishing scam. The scam involves illegitimate “final notices” seeking
