News / Features
After experiencing one of the worst housing market crises, Miami is is in the midst of making a strong comeback. Miami is seeing rapid residential sales fueled by international investors who are buying local real estate with
According to Agent Genius, seller satisfaction rose 4.9 percent with brokerages since 2010, but buyer satisfaction dropped slightly, as tracked by J.D. Power and Associates’ fourth annual Home Buyer/Seller
RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report studied 211 metropolitan areas, finding that foreclosure activity through June dropped on a year-over-year basis in 84 percent, or 178, of the areas. In addition, the report found that the top ten
This June, NAR’s Pending Home Sales Index rose 2.4 percent to 90.9 – an increase over last month as well as a 19.8 percent increase over June 2010, according to Calculated Risk. However, Fannie Mae is skeptical as to
The National Association of Realtors, along with everyone else, would like to save the housing market. According to the Chicago Tribune, these are their ideas for fixing the industry: creating safe mortgage financing for qualified borrowers, revising underwriting standards,
According to the new Douglas Elliman Report, increased sales activity and slowly rising prices have had a positive impact on Miami’s residential real estate market during the second quarter of 2011. The comprehensive report analyzes regional data on condos
Home equity decreased across all racial groups in 2009: whites’ average home equity fell to $95,000; in 2005, a white’s home equity was $115,364 on average; blacks’ home equity fell to $59,000 in 2009, creating an equity loss of
In a recent analysis of the “upscale vacation-home market,” Wall Street Journal said that now is the ideal time to buy. “Five years after housing’s peak, markets that once were out of sight even for well-heeled buyers are now
Everyone has a different outlook on the housing market, but where you get your information from can also alter your opinion for better or worse. The truth is, nobody is entirely sure what will happen to home sales or
According to the most recent Case-Shiller indices, Miami’s index was marked at 138.60 this May, experiencing a 1.2 percent increase (non-seasonally adjusted) since April, after a slight -0.2 drop from March to April; the yearly change is -5.3 percent.
In an effort to predict the demands for building within the current housing market, Builder Magazine installed the PRIZM model, a tool that is made up of 66 segments typically used to describe “demographic, psychographic, and behavioral similarities in
A recent comparison by Agent Genius showed that while many criticize Google and Facebook’s annual lobbying costs, those for NAR and NAHB are within the same
Bankrate’s 2011 Closing Costs Survey demonstrated that while home prices are tumbling, closing costs are still on the rise in most states–with an increase of 8.8 percent nationwide, compared to 2010. Nationwide, the average closing cost is now $4,070
Today, NAR reported that home sales dropped 0.8 percent, to 4.77 million, this June–8.8 percent below June 2010’s sale of 5.23 million
Miami earned a walkability score of 72.5 out of 100, making the city the eighth most walkable city (out of the nation’s 50 largest cities), according to Walk Score. Of all Miami neighborhoods, 99 percent have a walk score
A pending Miami Beach ordinance may require community associations to pay fines for their “neighbor’s inability to put a plastic water bottle in the correct trash bin,” according to the Sun Sentinel. The ordinance would also fine those who
