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News / Features

Millennials Still Living at Home, Facing Economic Hardships

A Pew Research Center study highlights the problems facing Millennials who attempt to purchase a home A new study released by the Pew Research Center highlighted that Millennials are still struggling to live independently, despite the strengthening job market. While the

Fannie Mae Announces HomeReady Affordability Program

Plan revamps mortgage program to better benefit borrowers’ needs People with low to moderate income are gaining a boost when it comes to getting a mortgage. In an effort to better suit borrower needs, Fannie Mae has announced they

CoreLogic: Miami the No. 4 Most Overvalued City in America

During the 2005 to 2007 bubble years, the gap between home prices and the long-run sustainable values in the U.S.’ largest 100 markets was approximately 10 percent, meaning that housing was 10 percent overvalued to its fundamentals. When the market

22 Subcontractors Needed to Build the Average Home

According to a new National Association of Home Builders study, 70 percent of builders generally use between 11 and 30 subcontractors to build one single-family home. On average, a typical builder would use 22 subcontractors to build a house. Here is

RelatedISG Opens New South Florida Branch in Coral Gables

RelatedISG International Realty recently opened a new general office in Coral Gables and publicized the acquirement of a new brokerage team in Broward County. “One of our goals is to carry out the tradition of our parent companies and to

13th Floor Investments, Key International Announce Purchase

On Thursday, Sept. 3, 13th Floor Investments and Key International announced that they have closed on a $30.5 million, five-acre purchase at 16385 Biscayne Blvd. in North Miami Beach. The firms plan to use the land to build a two-tower,

MIAMI Does Brazil

The Miami Association of Realtors is heading to Brazil. At a Sept. 13-15 Realtor conference and expo in Curitiba, Brazil, MIAMI representatives will be able to network with with 4,000 brokers and investors from around the world, where they

Terrazas Reaches 150 Sales, nearly 50% Sold Out

Terrazas condominiums has announced that is had just hit 150 sales and is almost 50 percent sold out. The building has 324 units and has two towers. Terrazas has one-, two- and three-bedroom apartments, lofts, townhomes and penthouses. The units are priced from

New Condo’s at Brickell Flatirons Towers

The CMC Group plans to construct  Brickell Flatiron Towers, which is expected to be one of the tallest residential skyscrapers in Miami. The building will be 64 stories and stand 736 feet above street level. The building will offer 1 to 5 bedroom

Kai at Bay Harbor Islands is Opening Soon

ONE Sotheby’s International Realty is getting ready to open its doors to Kai at Bay Harbor Islands. The new condominium will be seven stories high and have 54 units. The condos include one- to four-bedroom units that range from

MBA: Mortgage Applications Decline

According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications declined 6.2 percent from the week prior. Refinancing activity was down by 10 percent, while purchase mortgages were down by 1 percent. Refinancing comprised 56.9

Is Low Construction to Blame for Housing’s Inventory Woes?

A new NAR analysis argues that lack of new construction hinders housing growth New home construction is insufficient in a majority of metro areas, according to new research by the National Association of Realtors. NAR measured the amount of

Keller Williams Employee Base Increases Amidst Record Expansion

Keller Williams has increased its employee base by 17 percent since January 1 to more than 125,000 associates. In the first half of 2015, Keller Williams broke monthly records as the sales volume increased 26 percent to $100 billion,

realtor.com Unveils New Metrics Report…for Free

A few months back, Zillow Group, the new conglomerate of Zillow and Trulia, rolled out a new feature that allowed brokers to review a variety of listing metrics through its Zillow Data Dashboard, from impressions to total listing views.

“America’s Most Original Home”

This 4,380-square-foot Scottsdale house, known as “America’s Most Original Home,” is on the market for $4.2 million. The structure was built  in 1980 by Sunnie and Bill Empire around billion-year-old granite boulders that sit in a ancient archaeological site. With boulders making up 60

CoreLogic: Miami Completes Nearly 100,000 Foreclosures

Foreclosures continued losing market share in July, as inventory declined 27.9 percent from the same time last year, with completed foreclosures dropping 24.4 percent, according to CoreLogic’s latest report. Foreclosure inventory represented 1.2 percent of all mortgaged homes in

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