News / Features

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

Miami real estate costs less than other world-class cities

The MIAMI Association of Realtors (MIAMI) recently released its May 2016 Miami-Dade Statistical Report, which contained information about non-distressed single family home sales, condo prices and more. Non-distressed single-family home sales in Miami increased for the fifth consecutive month,

This Week in Miami Real Estate: Home price increase, retirement destination for the upper-class and more.

Having trouble keeping up to date on all of Miami’s top real estate news? Some of this week’s top stories include May’s spike in home prices, and Florida ranking among the best states to retire wealthy. In case you

NAR voices support for bills in favor of alternatives to FICO

Earlier this month, the National Association of Realtors (NAR) expressed their support for two bills that aim to make it easier for consumers to build credit and secure a mortgage. The first bill NAR expressed support for is H.R. 4172,

Landscaping done right: do’s and don’ts this summer

Homebuyers are buying more than walls and windows when they visit an available space, they are buying the landscaping as well. If left uncared for, homebuyers could be turned off to the sale. Here are do’s and don’ts for landscaping

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

21 Miami agents ranked in NAHREP’s top 250

The National Association of Hispanic Real Estate Professionals released their top 250 Latino agents awards for 2016, and 21 Miami agents were among those honored. Agents were nominated for their significant number of transactions and dedication to homeownership. The 21 agents from

A professional’s perspective: Is Miami headed toward another condo glut?

The condo market in Miami has come a long way since the 2008 housing crisis. At that time, roughly 30,000 condos stood empty due to over-development and a crashing economy. Since then, the market has steadily improved and was

Colombia leads in South Florida real estate searches

For the fifth consecutive month, Colombia has lead all foreign countries in searches for South Florida real estate, according to the Miami Association of Realtors (MIAMI.) Colombia continues to top the list partially because of its demographic of buyers,

This Week in Miami Real Estate: Ritz-Carlton Residences break ground, Sabbia Beach sales gallery relocation and more

Did you miss out on any of this week’s top real estate news? Notable news this week included the groundbreaking of the Ritz-Carlton Residences and the relocation of the Sabbia Beach sales gallery. Just in case you missed it,

Why fewer foreign buyers is good for Miami

Miami is hemorrhaging foreign buyers, and it begs the question – will the market survive? In 2015, South Florida was a preeminent hub for international buyers. In the Miami Herald’s second annual Miami-Dade County Real Estate Study, real estate

7 incredible stats on how student debt is harming the housing market

Student debt continues to be a major problem for the housing market, according to a detailed new survey from the National Association of Realtors and SALT, the consumer literacy program. The survey, which sampled thousands of non-homeowners currently repaying

Is Miami in a bubble? Professionals weigh in

Miami is overvalued; Miami is overbuilt; Miami is in a bubble. Those are statements we have heard throughout the last 12 months, but definitive answers on what’s really happening in the Magic City’s real estate market are hard to come

How is Miami’s housing market? Depends on who you ask

The best word to describe the Miami real estate market may be “enigmatic,” as The Miami Herald’s second annual Miami-Dade County Real Estate Study demonstrated. In its study, conducted by Bendixen & Amandi, the Herald surveyed 100 professionals hailing from all

Building with room to spare – a growing trend

Newly built homes are being made with extra space in mind. A report from The New York Times found that there is an inverse correlation between the amount of people living in the home verses how much room they build

Technology tips provided by members of 30 under 30

Realtor Magazine’s 2016 members of 30 Under 30 recently shared their secrets with handling technology on the job. This is their advice: Maintaining an Online Presence Maintaining an online presence is important to salesperson Kimberly Sethavanish from Century 21 Alliance

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