housing market

Home and condo sales show very early signs of recovery in September helped by a drop in mortgage rates and lower or, at least stable, prices. It’s too early to “definitively declare a shift in the overall trend,” but confidence by the state’s realtor group is rebounding.

Despite a slowdown in sales and more homes on the market, UBS still ranks South Florida as the riskiest housing market in the world.

It has been very profitable to own a South Florida home over the past 15-plus years. Long-term homeowners here are sitting on a mountain of profits, but if they sell, they also likely face a hefty tax bill. And that could be making the housing market more unaffordable for younger buyers.

Median condo prices in Broward and Palm Beach counties fell to their lowest level in several years in August. Single family home median prices were stable as fewer homes were on the market.

According to recent reports from the property data curator ATTOM, Florida, ranked third in state foreclosure filing rates, behind Nevada and South Carolina.

Homelessness among Florida families rose by 28% in the last three years, a report from the University of Florida found.

Less than 58% of Miami metro area households are homeowners, the report found. Los Angeles had the lowest percentage at 46.4%, followed by New York (49.4%) and San Diego (51.7%).

As the Trump administration disbands a federal effort aimed at addressing racial bias in home appraisals, a local housing expert warns that discrimination and significant racial disparities in property values persist. The cause: historical segregation policies.

It is a buyer's market for homes and condos in South Florida, according to the regional realtors association. Plus: find your neighborhood's housing market by zip code.

Greystar, which manages nearly 950,000 apartments, including in South Florida, has agreed to stop using “anti-competitive” algorithms to suggest rents.

South Florida's condo market continues reeling from reforms. Home prices continue going up, but that's slowing, too.

It might be a buyers market for condos, but buyers are not too interested thanks to reforms and financing difficulties. Meanwhile, demand for homes underpins that market, creating a further gulf between the markets for condos and single family home in the region.