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

The federal funds rate will rise by 0.25 percent The Federal Reserve announced today that it will raise the federal funds rate, the key interest rate that influences mortgage, auto loans and other forms of financing, by 0.25 percent. Additionally,

Bijou Bay Harbor has recently announced Eduardo Pruna as the new sales director; the announcement was a collaboration with Crescendo Real Estate for its new waterfront development in Bay Harbor Islands. Pruna and Ivan Ramirez (president of Crescendo Real

Year-over-year gains in national equity were in the double digits at the end of this year’s third quarter, as a healing economy helped keep home price appreciation positive and consistent, according to a new report from CoreLogic. On Sept.

One-stop shopping offers benefits to homebuyers, but they still want agents’ help Fifty percent of recent homebuyers used one source, or one-stop shopping (OSS), to procure homebuying services, according to a National Association of Realtors survey. That is compared to 29 percent

America sees a range of three to 26 years to save for a downpayment, depending on the state It takes 22.64 years for an average first-time homebuyer to save for a down payment on a new home in Florida, the