Current Market Data
The cancelation of Art Basel this year has led many developers and brokers who depend on the event for sales to think outside the box by bringing art directly to their projects.
Four months into the pandemic, the 120-day delinquency rate for July spiked to 4.1%, the highest rate in more than 21 years and double the December 2009 Great Recession peak.
The work from home phenomenon — and the need for a dedicated home office— is driving demand for more space among both buyers and renters.
The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.
The latest HPI Forecast predicts home price growth will slow over the next 12 months through August 2021 with price declines in 27 states.
The 2010 decade grew the amount of overall building conversions from about 2,000 units converted in the 1950s to roughly 97,000 over the last decade.
South Florida real estate has fared far better than New York during the pandemic, largely because New Yorkers are moving to South Florida. Dawn Pfaff, president of My State MLS, weighs in with the data.
This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.
August contract signings exceeded pre-pandemic levels, according to the latest Pending Homes Sales Index from the National Association of Realtors.
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index shows home prices continued to rise at a modest rate across the country in July.