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Axiometrics: Rent Growth Strong in South Florida, Slowing in Miami

Rental rates continued climbing into the new year, setting the pace for a strong performance in 2015. Miami renters felt the sting of increased rates in January, as growth continued to surge in South Florida, according to apartment market

Bad News For the Middle Class = Bad News For Housing

Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with

Metrostudy Names Most Active Building Communities in South Florida

A new fourth quarter from Metrostudy highlights the building gains South Florida had in the final months of 2014. Building took a slight slump in the final months of 2014, falling 16 percent from the third to fourth quarter.

Why is Builder Confidence So Out of Touch with Reality?

Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;

UPDATE: ListHub to Trulia: Five Days Left

In an ongoing battle to reign supreme over real estate listings, Move today announced its split with Trulia. And the blows keep landing. In a continuing battle over listing dominance, ListHub, which is owned by Move. Inc, operator of

Allen Tate Companies’ Pat Riley Named Chairman of Leading Real Estate Companies of the World

Pat Riley, president and chief operating officer of Allen Tate Companies, has been elected to a two-year term as chairman of the board of Leading Real Estate Companies of the World (LeadingRE), a global network of more than 500 market-leading

Majority of Miami Residents Now Live in Rental Housing

Just how dramatic has housing shifted towards rentals, in the last seven years? Sixty-five percent of Miami residents now live in rental housing, up from 60 percent in 2006; as if that weren’t enough, the renter population in Miami is up 25 percent in

First New Construction on Fisher Island in Seven Years Under Contract for Record Breaking Price

Palazzo Del Sol’s Penthouse 2 is under contract at $35 million, a transaction that is nearly three times the highest sale price ever recorded on famed Fisher Island. The highest previous sale was to Canadian billionaire Lawrence Stroll, who purchased

Maxwelle Real Estate Group Announces New Boutique Condominium

Maxwelle Real Estate Group recently announced a new exclusive boutique condominium, Oceanbleau, that will embody the elegance and tranquility of Hollywood Beach. Oceanbleau, located in one of Florida’s family-oriented, touristic communities, is in close proximity to South Florida’s highly coveted

3 Reasons that Mortgage Rates Remain So Darn Low

Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature

Ruling Could Eliminate Statute of Limitations for Foreclosures

A case moving through Florida’s Supreme Court could give banks a new weapon when filing foreclosure suits. More than anywhere in the U.S., Florida has struggled to trudge through the viscous sludge of foreclosures that pooled in the aftermath

Multifamily Construction Picks Up Where it Left Off in 2015, Drives Market

It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts

Zillow Officially Acquires Trulia for $2.5B, Gives Birth to ‘Zillow Group’

Zillow yesterday completed its acquisition of Trulia, shelling out $2.5 billion for its former rival and forming the “Zillow Group,” the parent company that will now house not only the Zillow and Trulia brands, but also StreetEasy and HotPads. Though nothing has

Fed Study: Student Debt Clearly Pushing Down Millennial Homeownership

A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market

Brazilians Find New Home in Miami

Brazilians are spending more money in the U.S. than ever…and Miami is benefitting big. A port of indulgence for Brazil’s elite, Miami has catered to South American investors for decades, helping them funnel huge sums into lavish, coastal condominiums.

Should Real Estate Agents Prepare For the Drone Revolution? Not So Fast

Sure, the FAA finally ruled on drones, but that doesn’t necessarily mean the drone floodgates are now open. After considerable deliberation and anticipation, the Federal Aviation Administration finally unveiled its regulations for commercial drone usage on Sunday, which, in tandem

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