Home prices increased year-over-year: CoreLogic
Home prices in Miami-Dade, including distressed sales, increased by 9.5 percent in April 2015 compared to April 2014. Excluding distressed sales, year-over-year prices increased by 8.5 percent in April 2015 compared to April 2014.
Prices increased by 4.5 percent from April to March of this year, including distressed sales.
Florida was among the top five states with the highest home price appreciation at 9 percent, also including distressed sales.
Shift toward landlord-controlled office market in Fort Lauderdale’s CBD: JLL
Rents in Fort Lauderdale’s Central Business District are up to $34.07 per square foot, a 5.5 percent increase year-over-year, according to JLL’s first quarter office insight study. Total vacancy in the CBD’s 4.7-million-square-foot office market is at 14 percent. Low vacancy rates signal a shift toward a landlord-controlled office market, the report shows.
Millennials are buying less: MarketWatch
Thirty-eight percent of millennials between the ages of 25 and 34 owned homes in 2012, compared to 52 percent of young adults between the ages of 25 and 34 in 1980. Concerns for millennials living in the South include a lack of understanding about the home-buying process and low credit scores.