News / Features

Miami is sinking, and we have to do something about it

I am worried about climate change, especially here in South Florida. And you should be too if you live here. Experts have been painting a very ugly picture of Florida’s future if we don’t start to change now. The

This week in Miami real estate: Luxury condo begins selling in Fort Lauderdale, Doral City Council nears project approval, and more

It was a busy week in Miami real estate, as is so often the case. But if you weren’t able to keep up with everything, don’t worry; we’ve got you covered. Here’s what happened: Luxury condo now selling – The

Why Miami’s real estate professionals are officially concerned about climate change

Miami real estate professionals are finally starting to acknowledge the serious impact climate change is having and will have on the entire South Florida market, the Miami Herald’s recent Miami-Dade County Real Estate Study confirmed. But are they doing

Why 157,000 Miami renters cannot buy homes

Earlier this week, we reported on the sobering findings of the Joint Center of Housing Studies’ latest report, which found that millions of households in America are struggling with housing costs, much to the detriment of housing markets across

Redfin announces new tool for agents

Redfin this week released its newest tool Opportunity Score, which will measure the number of jobs within a 30-minute, car-free commute from a particular address, giving agents yet another tool and credential to use in their listing presentations and sales

Florida to become $1 trillion economy – What does it mean for Miami agents?

By 2019, the size of Florida’s economy is projected to be nearly $1.1 trillion, according to a new projection from University of Central Florida economist Sean Snaith. Today, that would make Florida the world’s 16th largest economy, and that

Consumers say the market’s in crisis, Realtors stay positive. Who’s right?

The majority of Americans agree the nation is facing a serious housing affordability problem – but Realtors say they’re confident about the current real estate market, as well as how it will perform over the next six months. If

The 6 biggest challenges facing housing in 2016

From numerous vantage points, the U.S. housing market has improved considerably in recent years. Home prices are rising. The number of underwater homeowners has shrunk from 12.1 million in 2011 to 4.3 million today. Delinquency rates are down. And

Pending home sales reverse course, decline in May

After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the latest analysis from NAR. The Pending Home Sales Index slid 3.7

5 local lenders honored in NAHREP’s mortgage originators award

The National Association of Hispanic Real Estate Professionals released their top 250 Latino Mortgage Originators Award for 2016, and five South Florida lenders were honored. Some of the lenders appear within the top 100 Latino Mortgage Originators from non-depository lenders as

What Florida’s young, old and in between want in a new home

Earlier this month, Lesley Deutch, a principal at John Burns Real Estate Consulting, hosted a panel featuring three of Florida’s most distinguished builders – Stock Development, David Weekley Homes and Homes by WestBay. Among the topics the trio discussed was

27 million Baby Boomers are planning to move nationwide

  According to Freddie Mac’s “55+ Survey,” Baby Boomers looking to move again in their lifetimes could have a substantial impact on the future of housing. The survey found that out of the 27 million Boomers looking to move, 13 percent

The secret to a higher sale: Paint color?

A new study from Zillow Digs found that homes with neutral colors sell for more money than those listed without such tones. For instance, yellow kitchens sold for $1,360 more than asking price, while white kitchens sold for $82

The Brexit factor: What it means for U.S. real estate

The United Kingdom became the first country ever to leave the European Union last week, and the decision is one to be felt the world over – including by the United State’s real estate market. In the immediate aftermath of

Miami home prices remain strong in new Case-Shiller Indices

The Miami area continued its strong home price growth in 2016, according to the latest Case-Shiller Home Price Indices. From March to April (the most recent month of available data), Miami home prices grew 1.1 percent, while year-over-year prices rose 6.4 percent;

Home prices are outpacing wages, and that’s a problem

Homeownership has become much less affordable for Miami consumers the last few years, according to a new analysis from RealtyTrac. The Q2 2016 Home Affordability Index, which compares wage growth to home price increases, found that without exception, home prices in

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