The Real Deal Miami

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  • Study shows slower home sales in election years

    Paper published in British Journal of Science shows dip in home sales during election season
    September 13, 2015 09:00AM
    Home-sale study finds "election effect."

    Home-sale study finds “election effect.”

    Thinking of listing your home for sale next year? You might want to wait until after the 2016 elections.

    In election years, home sales decline between 0.2 and 0.3 percent, according to a paper in the British Journal of Science by Brandice Canes-Wrone, a Princeton University economist and her co-author Jee-Kwang Park, an assistant professor at Nazarbayev University in Kazakstan. [more]

  • Barclays downgrades Zillow over fears of falling web traffic

    Financial services firm warns of “drastic” year-over-year decline
    April 08, 2015 12:30PM

    Zillow’s Spencer Rascoff and Trulia’s Paul Levine

    From the New York website: Barclays has downgraded Zillow Group amid fears of slowing web traffic for Zillow and Trulia.

    The British financial services firm downgraded Zillow Group to Equal-Weight from Overweight on April 6, warning of a “drastic” year-over-year decline in traffic growth for Zillow and Trulia and indicating the company’s market is saturated, according to HousingWire. [more]

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  • Housing affordability an issue in South Florida

    Zillow report shows many buyers are getting priced out of typical homes
    April 07, 2014 03:00PM

    marketdataSouth Florida homes are affordable when compared to historical prices, but many properties are too expensive for today’s buyers, the latest report from shows.

    Buyers in Miami-Dade, Broward and Palm Beach counties spend $722 of their monthly income on mortgage principal and interest. That is 12 percent below what was spent during the pre-bubble period between 1985 and 2000. [more]

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  • Lighthouse Point is Broward’s top buyers market: Zillow

    City has wide range of inventory, from middle-class homes to mansions
    March 28, 2014 11:15AM
    A high-end home in Lighthouse Point

    A high-end home in Lighthouse Point

    Upscale Lighthouse Point is giving Broward County homebuyers the most bang for their buck these days.

    The northeast Broward city topped’s list of the county’s best markets for buyers, according to the Sun-Sentinel. Homes in Lighthouse Point linger on the market for an average of 138 days. That is a longer time period than any other Broward market. [more]

  • Underwater mortgages drop in South Florida

    But region still leads nation in category, reports
    February 28, 2014 12:00PM

    underwaterUnderwater mortgages are declining in South Florida, but the region still leads the nation in the category.

    The latest report from Seattle-based shows that the number of underwater mortgages in Miami-Dade, Broward and Palm Beach counties dropped from 39.6 percent in the fourth quarter of 2012 to 26.7 percent in the last three months of 2013, the Miami Herald reported. But 20.1 percent of homes with mortgages in the tri-county area had debt of at least twice the property value. That ranked highest among the nation’s 50 largest metro areas. [more]

  • Spencer Rascoff

    South Florida home values rose 12 percent in the first quarter of 2013, according to Seattle-based, but the surge won’t last, chief executive Spencer Rascoff told an interviewer at University of Pennsylvania’s Wharton School.

    “South Florida is appreciating very quickly. That’s a little worrisome. I think those rates of appreciation are unsustainable,” Rascoff said. [more]

  • Since the recession, renting has been the most practical option for many Americans, but in South Florida, it still may make sense to buy — or at least it will after three years. That’s the time frame in which local homebuyers reach the break-even point, according to data cited by the Sun Sentinel. South Florida has one of the shortest break-even points in the country, with an average of 1.6 years. In West Palm Beach and Miramar, a home buyer will break even in 1.4 years, and in Fort Lauderdale, it will take a home owner an average of 2.8 years to come out even.  [Sun Sentinel] – Christopher Cameron

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  • U.S. Home Prices (source:

    U.S. home prices increased on an annual basis in June for the first time since 2007, according to, which released its second quarter real estate market report today. Home prices rose 0.2 percent year-over-year in June to reach a median of $149,300. That also marks a 2.1 percent increase over the first quarter, and a monthly increase of 0.7 percent.’s report said home values reached their bottom in February, and have since appreciated for four consecutive months at “very robust monthly growth rates,” that Stan Humphries, the firm’s chief economist, does not expect the market to sustain. [more]

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  • Rent prices increased 3 percent nationally year-over-year in January, CNBC reported based on a not-yet-released rental index from, suggesting a possible rental bubble.

    CNBC noted that increased rents have yielded a decrease in home prices for buyers: a 4.6 percent year-over-year decline, but with no set reason for why this is. According to CNBC, when rents increase, renters generally turn to home purchases. [more]

  • Trulia debuts iPad app

    March 30, 2011 01:28PM
    alternate text

    Real estate database has just launched its first iPad application, the site announced today on Twitter. The application allows users to search for homes for sale or rent and also displays recently purchased properties. It also plots listings on a map and shows the user’s proximity to them using a GPS program. The free application, which was released two days ago, according to the Apple website, also allows iPad users to save their favorite listings and search for homes that meet specific criteria, such as size, neighborhood and price., however, is one of many real estate-centric sites to embrace the iPad. TRD[more]