Read Today’s Top Story: Miami-Dade home sales increase again

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MIAMI: Signs of Slowing Sales in August

The Miami Association of Realtors released its monthly sales report this week, and the findings told the story of a still growing market with slowing panache. Across the area’s most popular housing stock – single-family homes and condominiums –

Existing-Home Sales Slow in August

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

Chinese Buyers Paying More for U.S. Homes

Chinese investors who are looking to buy a home in the U.S. will have to pay more, after China’s central bank devalued the yuan on September 15 and 16 in order to make the currency relative to the U.S.

MIAMI: Miami Luxury in Q2 – Prices Up, Sales Down

The Miami Association of Realtors released its quarterly report on the status of the city’s luxury market recently, and the organization led with the headline: Miami Luxury Home Prices, Total Inventory Rise in 2Q. What it left out was

Green Building is Growing Faster than Conventional Construction

According to the 2015 U.S. Green Building Economic Impact Study, conducted by the U.S. Green Building Council, the green building sector is anticipated to provide 2.3 million American jobs this year – a result of construction growth. The green construction

Zillow, Move and NAR Legal Entanglement Tightens

The maelstrom of litigation swirling around syndication heavy hitters Zillow and Move Inc. continues to grow. News recently broke that Zillow filed a countersuit in response to the “whistleblower” letter, written by former Zillow vice president Chris Crocker, Move first

1980s Australia Duplex Undergoes Impressive Renovation

Built on the edge of a cliff, this Queensland, Australia property offered a limited view of the Pacific Ocean until designers Jamison Architects rescued the property with massive improvements. The 1980s duplex now features a double-height living room, expansive

The Federal Reserve Punts on Raising Interest Rates

Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their

Fannie Mae Reports Easing Credit Standards

Mortgage standards are easing across all loan types, according to the new Mortgage Lender Sentiment Survey from Fannie Mae. The survey was conducted in August, and asked senior mortgage executives whether their organizations’ standards had eased, tightened or remained

CREC Closes $17.5 Million Deal of Regency Apartments

Continental Real Estate Companies (CREC) has finalized its $17.5 million sale of Regency Apartments in the central Miami-Dade county.  The property is a 148‐unit, 4.18 acre rental apartment complex, and the sale price equals to $118,000 per unit, or $155 per

New Homes at Botaniko Weston

Terra’s latest project in the Botaniko Weston community is expected to be completed by 2017. The homes are on 121 acres of land and 125 homes are planned to be built. The homes will have five to seven bedrooms

Builder Confidence at Highest Level Since Oct. 2005

Builder confidence in the market for newly constructed single-family homes rose another point to 62 points on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It is the highest number since October 2005. David Crowe, the

CoreLogic: Florida’s Near Equity Share Among Nation’s Best

Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong

“The Flintstone House”

Live like our favorite couple from the Stone Age, the Flintstones, in this 1970s home, which is on the market for $4.2 million. According to Curbed, architect William Nicholson constructed the property as “an experiment in innovative building materials.”

MBA: Mortgage Applications Decline in Weekly Survey

According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications declined 7.0 percent from the week prior. Refinancing activity was down by 9 percent, while purchase mortgages were down by 4 percent. Refinancing comprised 56.2

Miami Ranked 3rd Least Affordable by Trulia

Miami hit by expensive commute and utilities on top of high housing costs Miami was ranked as the third least affordable place to live, according to a Trulia study released today. The study found that 69.2 percent of the

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