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Stiles Realty Hires New Commercial Brokerage Team

Stiles Realty has hired a new veteran brokerage team to strengthen the company’s focus in the Miami-Dade and Palm Beach County markets. The five real estate professionals are joining Stiles from Adler Realty Services. Collectively, they are responsible for

Despite Mortgage Rebound, Low Credit Buyers Absent

The housing market continues to struggle despite an increase in high-quality mortgages Even though houses are selling at their fastest rate since 2007, sub-700 credit score buyers are still at the same level they were mid-2010. According to a

CoreLogic: Looking Back at Nearly 2 Years of Miami Foreclosures

In September, distressed sales accounted for 9.7 percent of total home sales nationwide; the culmination of declines that span the past few years, according to CoreLogic. Considering the current pace of distressed sale declines, CoreLogic researchers determined that the

MBA Survey Shows Decrease in Loan Applications

The Mortgage Bankers Association (MBA) announced that loan applications dropped 0.2 percent from last week, according to its Mortgage Applications Survey for the week ending on Nov. 27.  The results included an adjustment for the Thanksgiving holiday; on an unadjusted basis, the

Black Friday Comes to the Miami Home Market

In the days leading up to Black Friday, which of course is now behind us for the year, eagerness bubbles up among bargain hunters as they lace up their midnight sneakers and check shopping lists to decide which discount they want more: a

Why are So Many Millennials Still Living at Home? Here’s Why

Many Millennials still live at home with their parents. Why? It’s a question that’s been plaguing the housing market since the economy started to recover – why are Millennials still living at home? Despite all indications that Millennials should

CoreLogic: Miami’s October Price Increases Among Nation’s Largest

The fall slump hasn’t hurt the market’s strength, as home prices across the country continued to climb in October, CoreLogic reported. The coupling of a healing economy and spotty but persistent inventory shortages are largely to thank (or blame,

Despite Housing Rebound, Economic Recovery Is Slow

Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home

What Age Problem? The ‘Aging Realtor’ May Not Be a Big Issue

There are roughly 1.118 million members of the National Association of Realtors, and they strike an impressive profile: Realtors’ median experience level is 12 years; their gross income is $45,800; 58 percent are female; and 42 percent have at

Miami New Construction is Growing in 2015

2015 has been a good year for new construction in Miami Residential construction spending in the Miami housing market totaled $354 million in October, a 53 percent decline from Oct. 2014, according to new numbers from Dodge Data & Analytics. Year-over-year numbers, though, can be

Pending Home Sales Remain Unchanged

According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and

Blog: Luxury Market Trends in South Florida

Sales in South Florida despite a mild slowdown have remained strong through 2015. The $1 million-plus real estate market is robust across the three South Florida counties: Miami-Dade, Broward and Palm Beach. For all three counties, April was the

Federal Reserve Votes to Stop Bailing Out Failing Firms

Effective Jan. 1, the Federal Reserve will not be allowed to bail out failing companies. Members of the Fed board voted 5 to 0 in favor of restricting the policy. The new policy will restrict the Fed from lending to individual firms,

New Home Sales at Highest Level in 7 Years

New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according

Miami is Florida’s Top Destination for Chinese and Brazilian Buyers

South Florida is a magnet for international buyers. The point was recently emphasized in a survey conducted jointly by the National Association of Realtors and Florida REALTORS, which found that 50 percent of Florida international home sales took place in

4 Miami Suburbs Among Best Markets for Florida Families

Families might be able to have fun in Miami, but it may not be the best city for them to settle down, according to a new report from WalletHub. Cataloging Florida’s best and worst cities for families, the personal

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