Sun Belt leads sales volume but posts nation’s lowest absorption rate
Housing market efficiency varies dramatically by region with Sun Belt showing lowest absorption rate despite highest sales volume.
Miami
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Miami luxury home prices soar to $1.13 million, nearly triple national average
Miami’s luxury real estate market shows exceptional strength with average prices at $1.13M, triple the national average. New construction and future builds command even higher premiums.
Top Miami agent Raul Santidrian joins Coldwell Banker Realty
Santidrian consistently ranks among top agents statewide and brings a track record that includes more than 600 closed transactions
Top Florida real estate team signs on with Compass
The Korman Group will work out of Compass’s Boca Raton office, with operations extending into Miami, Fort Lauderdale, Palm Beach and Jupiter.
Waltz raises another $25M to power international real estate investment
The company said it’s positioned to support up to $1 billion in loan volume, a move aligned with growing foreign demand for U.S. property.
4 charts that show why Florida’s housing markets are struggling
Florida’s housing markets were as hot as any after the pandemic began, but now they’re among the coldest due to macroeconomic headwinds.
Homebuyer sues eXp, accusing agent of breaching fiduciary duty
Plaintiff Michael Ammann previously filed suit against eXp in December 2024 over allegations of fraudulent practices and negligence.
Compass adds Boschetti Realty Group in Florida
Boschetti Realty Group is joining Compass, bringing $500 million in sales and a nine-agent luxury team to the company’s presence in Florida.
Skyrocketing home values driving higher property taxes
A new report from CoreLogic shows rapidly rising home values have pushed property taxes through the roof.
Real estate investors purchased 16% of homes in Q3 2024
Redfin said the number of homes bought by investors fell 2.3% year over year in Q3 2024. Their market share was the lowest since late 2020.