News / Features

New Construction in Miami Grew Considerably in 2014

2014 was a VERY good year for new construction in Miami, according to the latest stats. Total residential construction spending in the Miami area was $6.623 billion in 2014, a 62 percent increase from 2013, according to new numbers from Dodge

Strong Multifamily Sector Drives New Construction in 2014

Construction on the whole was positive in 2014, but that was mostly due to the surging multifamily sector. Private construction may have been up 4.5 percent in 2014, but it was the multifamily housing market that drove that activity,

How Miami Will See 322,141 New Homebuyers Enter the Market

Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Miami area is poised to see more than 322,000 potential homebuyers enter the housing market fray over the next seven

The Best Development in Housing? We Have It Right Here

Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that

Pending Home Sales Lose Strength as Year Ends

Pending home sales took a step back in December, but remain well above 2013 levels. The National Association of Realtors released its newest Pending Home Sales Index today, finding that despite persistently low interest rates, December pending home sales

Could Inventory in Miami Finally Be Stabilizing?

We’re all waiting for Miami’s housing inventory situation to improve…and that could finally be happening. The inventory situation in Miami has been a dire one for some time, but 2014 closed out with some encouraging news, according to new numbers from realtor.com.

Supreme Court Hears Arguments Against Landmark Housing Equality Legislation

The Federal Housing Act has helped curb housing discrimination since the late 60s. A new lawsuit could see to extend those protections or limit them.   On April 4, 1968, a historic date by any measure, civil rights leader Martin

New Home Sales Price Sets New Record in 2014

New home sales may have disappointed in 2014, but median sales price was an entirely different matter. December may have capped off a lackluster year of sales for newly built single-family homes, but when it came to the median

ListHub Releases New Details on Zillow Split

ListHub publishes letter offering new details on their forthcoming split with Zillow, while Zillow finds new MLS provider. In a bombshell statement released in early January, Zillow announced that as of April 7 the listing portal would no longer

Miami Home Prices Continue to Lead the Nation in New Case-Shiller

Home prices in the Miami area continued to set the indices on fire in the latest Case-Shiller. Home prices in the Miami area continued to lead the nation in November, rising 0.6 percent from October and 8.6 percent from Nov. 2013, according to the

December Sales Hit 7 Year Peak, Threaten Affordability

Strong late year sales emphasize the presence of persisting demand, but low inventory could lead to eventual affordability problems. Existing-home sales faltered moving into the deep winter months, but according to a new report from the National Association of

Miami Sales Reached Historic Levels in 2014

MAR report marks 2014 as a record-breaking year for the Magic City. If the national market was hot in 2014, then Miami was on fire, as the newest sales report from the Miami Association of Realtors and local MLS

Miami’s $50 Million Penthouse Boom

After the market crash that halted Miami developers building five years ago, the city that has become a destination for the wealthy with its luxury high rises, beach climate and attractions is experiencing a $50 million penthouse boom. Currently

Sunny Isles Beach Ritz-Carlton Residences to Launch Sales

In the next 10 days, the 52-story oceanfront Ritz-Carlton Residences tower in Sunny Isles Beach will reportedly launch preconstruction sales. The joint venture between Fortune International Group and Château Group located at 15701 Collins Avenue will offer units ranging from $2

Redfin Predicts Miami’s Top 5 Hottest Markets for 2015

Using data from 2014, Redfin predicts what Miami neighborhoods will stand out in the new year. Hot is the perfect way to describe the Miami market in 2014. With booming sales and a seemingly insatiable demand, the city has ballooned

Are Mortgages Any Easier to Come By? In a Word: Somewhat

Everyone knows that lending standards today are relatively restrictive by historic standards, but are they loosening up at all as housing and the economy improve? To find out, we took an exclusive look at CoreLogic’s Housing Credit Index (HCI),

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