Current Market Data

July home prices rebound to pre-pandemic highs, but slowdown predicted
July home prices rebound to pre-pandemic highs, but slowdown predicted

CoreLogic’s latest HPI Forecast shows annual home price growth slowing through July 2021, reflecting the anticipated elevated unemployment rates during the next year.

Southern home sales jump 27.6% in July
Southern home sales jump 27.6% in July

Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.

Buyers are looking to leave expensive coastal areas
Buyers are looking to leave expensive coastal areas

Tampa and Orlando are becoming destination cities for those looking to relocate. Could Miami be next?

Apartment construction at a five-year national low
Apartment construction at a five-year national low

New apartment construction for Miami drops by 53% in 2020, according to a new study.

From ‘suburgatory’ to ‘hipsturbia’: Pandemic buyers are headed to the ‘burbs
From ‘suburgatory’ to ‘hipsturbia’: Pandemic buyers are headed to the ‘burbs

Americans are moving to less densely populated areas as a result of the pandemic, foreshadowing a shift that could have a major impact on residential real estate sales and home prices.

NAR reports three months in a row for improved home sales
NAR reports three months in a row for improved home sales

All four regions in the U.S. experienced year-over-year and month-over-month growth in pending home sales, according to the National Association of Realtors.

Pending home sales in Palm Beach County surge by double digits
Pending home sales in Palm Beach County surge by double digits

Palm Beach County total home sales, median prices and pending sales all showed year-over-year increases in July, according to the MIAMI Association of Realtors.

Fueled by buyer demand and low inventory, home prices continued to climb in June
Fueled by buyer demand and low inventory, home prices continued to climb in June

The U.S. index reached a new record high in June as demographic and economic factors continued to push home prices upward. However, month-over-month growth is beginning to show signs of slowing.  

Have we hit the bottom on consumer confidence?
Have we hit the bottom on consumer confidence?

Consumer confidence took another hit in mid-August, dropping to 84.8 from 91.7 in mid-July, according to the Conference Board Consumer Confidence Index, conducted by Nielsen.

Existing-home sales in July soar past pre-pandemic levels
Existing-home sales in July soar past pre-pandemic levels

Sales of existing homes set another record in July, rising 24.7%, while median home prices surpass $300,000.

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