News / Features
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
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
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
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,
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
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
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
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
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
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 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
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
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
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.
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,
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
