Current Market Data

Miami home price growth showed no signs of slowing this summer

Growth in home prices this summer maintained a robust pace, thanks to persistently low inventory and a new interest in buying homes among older millennials.

After two strong months, pending home sales slow

After two straight months of nationwide increases, the number of listings under contract by the end of July fell on a monthly basis.

Why new construction isn’t easing Miami’s inventory problem

The homebuilder community has regularly offered a succinct answer to the reason for its industry’s sluggishness, generally calling out labor, lumber, laws and land as pain points. But some researchers are poking holes in their assertions of late.

Consumer confidence remains strong amid economic unease

The Conference Board’s Consumer Confidence Index for August showed Americans shared broadly strong views of the overall economy and their own financial health near the end of the summer.

Builders finish summer strong but face uncertainty ahead

Economists were expecting new-home sales to finish stronger in July, aided by low mortgage rates that act as an incentive for buyers.

July brings double-digit home sales growth in Miami, statewide

In much of Florida’s housing market, July was a strong month. Miami was no exception.

Existing-home sales post year-over-year gain

Sales of existing homes in July logged their first year-over-year gain in 16 months.

Housing starts show builders are cautiously optimistic

U.S. homebuilders appear optimistic that low mortgage rates can turn the tide in favor of stronger sales in the months ahead.

Miami’s cyclical housing market enters new phase

Not long after facing what some feared to be a glut of new condos on the market, Miami developers and brokers could soon be facing the opposite problem.

Low rates boost mortgage industry but spook financial markets

Wall Street has found itself increasingly on edge in recent weeks, but strangely, that may be breathing fresh life into the mortgage lending industry.