News / Features
Existing-home sales fell more than 10 percent in November, marking the slowest sales pace in 19 months and possibly serving as quantifiable proof of the effect TRID is having on the industry, according to National Association of Realtors Chief
Strong home price growth continued in Miami in October, with prices rising 8 percent year-over-year, and 0.7 percent from September, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. As testament to Florida’s strong home price
Stagnant wages and high rents combine to push homeownership out of reach for thousands of Miami residents Nearly 800,000 renters in the Miami housing market struggle with the cost of housing, according to a new report from the Joint Center of Housing
New home sales are shaping up for their best year since 2007 Sales of new single-family homes in November rose 4.3 percent from October and 9.1 percent from Nov. 2014 to a seasonally adjusted annual rate of 490,000, according
In a move to further strengthen its international network, the Miami Association of Realtors this week announced new partnership agreements with organizations on four continents. MIAMI penned agreements with six real estate associations in South America, North America, Europe
Housing is on a precipice of affordability, according to a new study The Joint Center for Housing Studies of Harvard University has offered some unflinching examinations of the nation’s housing market, particularly in terms of affordability and the growing
Data suggests the young adult homeownership rate is stabilizing After decades of decline, the 25-to-34-year-old homeownership rate has begun to level out, seeing no significant decline in 2014, according to Fannie Mae’s Housing Insights report. That trend, according to
The number of all cash transactions peaked in Jan. 2011, accounting for over 46 percent of total home sales. In September of this year, cash sales represented a much smaller portion of total sales with a 32.5 percent share,
As part of a wider piece of tax legislation, Congress has voted to extended the Mortgage Forgiveness Debt Act to 2017. Originally passed in 2007, the act protects underwater homeowners from incurring tax bills on the debt forgiven during
There are plenty of high-rise developments going up around Miami, but only a select few will contribute to shaping the city’s skyline over the next 15 years. Thanks to luxury creative and branding agency Visualhouse, we’re getting a brief glimpse
After months of laying foundation and piling work, vertical construction is officially underway at Melo Group’s Aria on the Bay condominium development. In November, almost 1000 trucks completed a concrete foundation pour of more than 8,000 cubic yards of
For the 5th consecutive year the Miami Association of Realtors has won the NAR Platinum Award for Global Achievement. The Platinum Award is the highest honor awarded by NAR, and Miami is the only city to win this award continuously
Douglas Elliman has announced the opening of the firm’s newest Wellington office at the Palm Beach Polo and Country Club. Wellington makes the brokerage’s 16th office in the South Florida market. Don Langdon will be in charge of the new office
Where does America’s middle class stand financially? New analysis from the Pew Research Center explains The U.S. middle class, which has long defined the country’s economic prosperity, is no longer the majority of Americans. That eye-grabbing finding came courtesy of
It was a month of thanksgiving for the nation’s homebuilders November offered U.S. homebuilders many reasons to give thanks, with permits, starts and completions all in positive territory. According to the latest report from the U.S. Census Bureau, building
New projections from the country’s Bureau of Labor Statistics forecast big job gains for the construction sector over the next decade and emphasize the growing importance of environmentally conscious building. Over the 10-year period beginning in 2014 and ending
