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Mortgage Delinquencies Fall to 25-Year Low in U.S.

Mortgage Delinquencies Fall to 25-Year Low in U.S.

The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the third quarter of 2019. Read More »


Greater Palm Beach Area Home Sales Rise in September

Greater Palm Beach Area Home Sales Rise in September

According to new data from the Miami Association of Realtors, Palm Beach County total home sales, median prices, dollar volume and luxury transactions increased year-over-year in September 2019. Palm Beach County total home sales increased 3.1% year-over-year, from 2,261 to 2,332. Read More »

U.S. Homeowners Staying in Homes 5 Years Longer Than in 2010

U.S. Homeowners Staying in Homes 5 Years Longer Than in 2010

According to a new report from Redfin, the typical American homeowner has spent 13 years in their home, up from eight years in 2010. Read More »

After Steady Declines in 2019, Luxury Home Prices are Stabilizing in Some U.S. Markets

After Steady Declines in 2019, Luxury Home Prices are Stabilizing in Some U.S. Markets

The average sale price for luxury homes in the U.S. rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. It marks the first time luxury prices did not drop after three straight quarters of decline. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated November 15, 2019 8:00 AM ET

Miami Property News

Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72. This is the highest reading since the inception of the index in 2008.

According to CoreLogic's latest Home Price Index for September 2019, U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.5% from September 2018. On a month-over-month basis, prices increased by 0.4% in September 2019.

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.78 percent in late October 2019. Purchase activity continues to show strength, indicating obvious homebuyer demand.

Based on new data by the Miami Association of Realtors, Miami-Dade County single-family home sales, condo sales, median prices, dollar volume and luxury transactions all increased year-over-year in September 2019.

Florida's housing market reported more closed sales, higher median prices and increased pending inventory compared to a year ago. Sales of single-family homes statewide totaled 23,510 last month, up 11.5% from September 2018.

According to the National Association of Realtors, existing-home sales receded in September 2019 following two consecutive months of increases. Each of the four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines.

According to Zillow latest Real Estate Market Report for September 2019, the gains from a modest buildup of inventory earlier this year were more than erased during the 2019 home shopping season.

According to real estate data provider Yardi Matrix, regionally across the U.S., the areas of growth were relatively distinct. Urban areas in the Pacific Northwest grew by nearly 32%, adding a total 112 properties and 19.8 million square feet.

According to Yardi Matrix, as part of a seasonal respite, the national average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471.

According to a new report by the American Public Transportation Association and the National Association of Realtors, neighborhoods located within a half mile of public transit services outperformed those in areas farther from public transit based on a number of factors.

According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, shows a national rent increase of 3% in August 2019.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 4, 2019, mortgage applications increased 5.2 percent from one week earlier.

According to Zillow research, Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century.

U.S. homeowners who decide to undergo a home improvement project, whether it be interior or exterior modifications, often find that the task was worth the investment and time.

Freddie Mac's latest Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage in the U.S. averaged 3.65 percent, a slight increase from last week. Overall mortgage demand remained very strong, rising over fifty percent from a year ago.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 27, 2019, U.S. mortgage applications increased 8.1 percent from one week earlier.


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