News / Features

CoreLogic: Miami Home Price Growth Continues To Surpass Nation’s

Since 2014, home prices have been in what CoreLogic Chief Economist Frank Nothaft recently described as a “sweet spot,” consecutively rising between 5 and 6 percent for 15 months. According to the research group’s newest report, home prices rose

Tight Inventories Push Down Pending Home Sales

Pending home sales in November declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors. The Pending Home Sales

Miami New Construction on Pace for Lukewarm Year

The latest analysis from Dodge Data provided a low-key assessment of new construction in Miami According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Miami housing market totaled $405 million in November. That total is

One River Point Appoints Adriana Vargas Hernandez as Director of Sales

Industry veteran Adriana Vargas Hernandez has been appointed as director of sales for the highly anticipated, One River Point. One River Point is a pair of riverfront towers designed by Rafael Viñoly, the architect behind Manhattan’s 432 Park Avenue development. Vargas

CFPB Takes Reassuring Tone Among TRID Complaints

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

Miami Home Price Growth Remains Strong in October

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

Homeownership Out of Reach for Many Miami Renters

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

Strong November New Homes Sales Could Make for Best Year Since 2007

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

MIAMI Extends Its International Reach with 6 New Partnerships

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

What Rising Rents and Declining Affordability Mean for Housing

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

Is Young Adult Homeownership Ready for a Turnaround?

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

CoreLogic: Majority of Miami Sales are Cash

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,

Mortgage Forgiveness Debt Act Extended To 2017

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

Miami’s Skyline in 2030

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

Vertical Construction is Underway at Aria on the Bay

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

Miami Association of Realtors Wins Platinum Award for Global Achievement

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

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