Current Market Data

Art is not cancelled in Miami, say developers
Art is not cancelled in Miami, say developers

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.

Serious delinquencies up, despite strong housing demand
Serious delinquencies up, despite strong housing demand

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.

Bigger is better, say homeowners and renters who are working from home
Bigger is better, say homeowners and renters who are working from home

The work from home phenomenon — and the need for a dedicated home office— is driving demand for more space among both buyers and renters.

Miami suburb ranks high for big city feel
Miami suburb ranks high for big city feel

The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.

Home price appreciation reaches highest level since June 2018, though declines predicted
Home price appreciation reaches highest level since June 2018, though declines predicted

The latest HPI Forecast predicts home price growth will slow over the next 12 months through August 2021 with price declines in 27 states.

Commercial-to-apartment conversions on the rise
Commercial-to-apartment conversions on the rise

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.

Is Miami the new NYC?
Is Miami the new NYC?

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.

Miami homebuyers faced higher prices, lower inventory in September
Miami homebuyers faced higher prices, lower inventory in September

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.

Pending Home Sales hit record high; rally expected to continue
Pending Home Sales hit record high; rally expected to continue

August contract signings exceeded pre-pandemic levels, according to the latest Pending Homes Sales Index from the National Association of Realtors.

Miami home prices up in July
Miami home prices up in July

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.

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