The Housing Market: The Miami Real Estate Market

The racial undertones of Detroit have been extremely problematic to Detroit’s real estate market for well over 50 years. These social disruptions continue to have an effect on the current residents of Detroit. During the middle of the nineteenth century, the Federal Housing Administration (FHA) introduced real estate tactics such as redlining, which is the practice of flagging minority dense neighborhoods for the purposes of denying approval of mortgages or inflating the price of the homes. Redlining had a profound social and economic effect on all residents of Detroit. The white majority began abandoning and selling their homes in fear that the value of the home would plummet, leading to a great financial loss when minorities moved in the area. This idea is known as white flight, and is the primary reason that Detroit has one of the highest African American populations in the country. However, through revitalization and gentrification of the Midtown/Downtown area, Detroit is slowly becoming more diverse. Throughout history, racial politics of the mid-to-late twentieth century affected Detroit 's real estate market by excluding minorities from the real estate market. Although adding stadiums, high end retail, small shops, and restaurants is economically valuable to the city of Detroit, this is conflicting and potentially problematic for the original residents of the area because the prices of these new establishments are often much higher than the residents can afford.

Where there is darkness there is ultimately light and the various homeownership opportunities under the current economy reflect this notion. Real estate prices

However, there is an upside. Most of us would think that the U.S. housing market is devoid of positive trends, which according to the National Association of Realtors, is not the case.

First, the housing market is starting to come back to business, but it is taking some time.

Real estate articles will help you navigate the complex world of buying and selling property in Florida. The there are the people who make Tampa Bay what it is - you can trust Tampa Bay magazine to keep you informed of all the latest celebrity gossip.

As the economic outlook for tech jobs remains positive, Apex will continue to see a strong economy with high-paying jobs. As a result, more first-time buyers will be drawn to the town at the prospect of securing their future in a

Macroeconomics is an excellent tool for the analysis of the housing industry as something like a capital good, as a home is considered to be, cannot easily be studied in a short-term platform. Real estate is a good that costs several times more than an average persons annual income, in the United States that number is typically 7 times as much, and in the United Kingdom that number is 14 times as much. Several factors of both supply and demand directly impact the housing market on a macroeconomic scale. (Business Economics, 1)

(Phoenix, Arizona) Realtor.com recently announced the metro Phoenix area would be the top United States housing market in 2017. In addition, they stated they believe home sales will increase by 7.2 percent and home prices by 5.9 percent. Individuals looking to buy or sell a home in the area this year benefit greatly from information of this type, yet many choose the wrong realtor to work with. A number of realtors use a cookie cutter approach for every home they buy or sell, yet this doesn't benefit the homeowner or potential buyer. Thomas Osterman (http://www.ostermanrealestate.com/) understands this and uses a unique approach when it comes to real estate transactions.

Miami was hit very hard by the sub-prime mortgage crisis of 2008-2009, but according to recent housing data, Miami’s housing market is recovering rapidly. Average housing prices, both condominiums and single-family homes, have increased greatly from the bottom that occurred after the crisis. Data from the last quarter of 2013 reported by the Economic Development Division of Miami-Dade County showed an increasingly strong real estate market, as single-family median home prices were up approximately 16% year-over-year and foreclosures down 6% year-over-year (Cruz and Hesler).

With currently about 87% of properties qualifying for downpayment assistance and historically low interest rates coming from the Federal Reserve, one has to wonder just how long the present housing recovery can last. Credit restrictions at the present are very tight and job growth is anemic at best. This combined with the fact that the National Association of Realtors' pending sales index fell in June by 1.8% certainly leads one to believe that a slowdown in the housing market is a good possibility.

This case involves an investigation of the factors that affect the sale price of Oceanside condominium units. It represents an extension of an analysis of the same data by Herman Kelting (1979). Although condo sale prices have increased dramatically over the past 20 years, the relationship between these factors and sale price remain about the same. Consequently, the data provide valuable insight into today’s condominium sales market.

In California, there is a shortage of residential single family homes for sale despite the exciting come back for the market since 2008. According to the California Association of Realtors’ president, Chris Kutzkey the reasons are “Solid job growth and favorable interest rates will drive a strong demand for housing next year.” While expensive markets such as San Francisco and Los Angeles may continue to experience housing shortages, less expensive markets will continue to have housing stock available because of improved job markets in manufacturing, logistics, warehousing, and transportation. This means that For Sale by Owner (FSBO) sellers will be competing for buyers.

Gulf Real Estate Properties, Inc., is a real estate firm located in southwest Florida. The company, which advertises itself as “expert in the real estate market,” monitors condominium sales by collecting data on location, list price, sale price, and number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course, near but not on the Gulf. Sample data from the Multiple Listing Service in Naples, Florida, provided recent sales data for 40 Gulf View condominiums and 18 No Gulf View condominiums. Prices are in thousands of dollars.

The overall health of the economy has a significant impact on the real estate industry. The economy is measured using indicators such as the GDP, employment percentages, manufacturing activity, and price of goods. When these indicators identify a sluggish economy it translate directly to declining real estate sales. RE/MAX and the customer alike are directly affected by the economy. A slow economy consists of decreased homes sales while a flourishing economy affords the customer the opportunity to buy, which relates to an increase in home sales for the realtor. (Amadeo, 2016)

One of the booming sunrise sectors in the world is undoubtedly Real Estate. Today, it has been recognized as one of the most lucrative investment alternatives. A good number of individuals irrespective of the demographic facets are seen considering real estate as a serious investment mainly because this is one such sector the value of which is sure to shoot up in the long run.