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Miami Price Growth Leads the Nation

How have home prices progressed in the 2015 housing market? Home prices in the Miami housing market rise 0.9 percent from August to September and 7.7 percent from Sept. 2014, according to the new Case-Shiller Home Price Indices from Standard & Poor’s.

MIAMI: A Tale of Two Markets in the Magic City

Rising prices and quick sales times have defined Miami’s real estate market in recent months, while falling sales and struggling inventories have also endured. It’s a tale of two markets. In the Miami Association of Realtors October market report,

How Does Thanksgiving Impact Real Estate?

The ins and outs of buyer traffic around the holidays It has been long been considered common knowledge that the buying craze of Black Friday does not extend to real estate, thanks to a lack of large savings for homes

Miami Among Nation’s Worst Cities for Thanksgiving Travel

According to Google Maps data, Miami is one of the worst cities in the country for Thanksgiving travel. Out of 21 cities that Google investigated, Miami came in at No. 10, with long-time traffic haven Los Angeles on top. Here

Mortgage Applications Up Despite TRID

We’re approaching two months since the implementation of TRID, and after a string of weeks that saw declining originations, mortgage applications were back up in the week ending Nov. 13, according to the Mortgage Bankers Association. In the two

Miami’s Top 10 Schools in Affordable Housing Markets

When it comes to picking out the right neighborhoods, schools and cost are among the most important factors, usually considered in tandem. However, a recent report from RealtyTrac showed that while in much of the U.S. higher cost correlates

Existing-Home Sales Decline, Market Continues to Improve

Homes sales were down in October, but the overall picture remains a very positive one for housing Existing-home sales declined 3.4 percent from September to October to a seasonally adjusted annual rate of 5.36 million, according to the latest report

Cervera Real Estate’s Elysee Residences Launches

On Nov. 13, Cervera Real Estate launched Elysee Residences, a planned luxury waterfront condo tower on Biscayne Bay at 700 NE 23rd Street in Miami’s East Edgewater neighborhood. The project’s sales gallery was transformed into a 1940s-era salon for

FHA Reserves Back in Line with Federal Requirements

In another marker of the housing market’s recovery, the Federal Housing Administration announced last week that its reserves were back in line with federal requirements. The FHA stated that its insurance fund’s net worth at the end of September was

Terra’s GLASS Condominium Expecting Move-Ins

Terra developers announced that its newest luxury condominium, GLASS, located in the South of Fifth neighborhood, is now open to residents. The sold-out building is expecting residents to move in this month. The first five floors contains the common

FHA Announces Changes to Condo Policies

Last Thursday, Federal Housing Administration Principal Deputy Assistant Secretary Ed Golding and National Association of Realtors President Chris Polychron announced changes to FHA condominium policies at the NAR national conference in San Diego. The changes, Golding explained, will change the FHA’s recertification process, owner-occupancy

6 Facts about the Homes Consumers Purchased in 2015

Single family? Condo? 2,000-plus square feet? What defined the homes consumers bought this year? For our latest story in our continuing series on NAR’s 2015 Profile of Home Buyers and Sellers, we’re taking a detailed look at the homes

As Apartment Building Falls, So Does the New Construction Marketplace

October provided yet more evidence of how integral multifamily building is to the current new construction economy October was a rough month for new construction, with housing starts falling 11 percent from September and 1.8 percent from Oct. 2014

CoreLogic: Majority of Miami Sales Completed in Cash

The share of total residential real estate transactions carried out in all cash fell from 34.9 percent in Aug. 2014 to 31.7 percent this most recent August, according to a report from CoreLogic. Month-over-month, cash sales inched upward by

Avatar Real Estate Welcomes Two New Agents

Avatar Real Estate welcomes Krste Stojanoski to its Miami Beach office and Mikal Grass to its South Miami Office. Stojanoski is from Macedonia, and is fluent in English, Macedonian, Greek, Serbian, Croatian, Bulgarian and conversant Spanish. Being multi-lingual allows him to

Are America’s Large Homes Bad for Energy Efficiency?

Is our love for large homes nullifying the progress in energy efficiency? Thanks to new technological advances in water use, insulation, heating and cooling and household appliances, today’s homes are more energy efficient than ever before. Yet new research

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