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Miami luxury home prices soar to $1.13 million, nearly triple national average

Artificial Intelligence, Construction, Florida, Florida Association of Mortgage Professionals, Florida Housing Market, Housing Market, Luxury Real Estate, Miami, Mortgage, Multifamily Housing, Real Estate, Single-Family Housing /

New construction drives market with $2.29 million average price tag as future builds signal even higher luxury premiums Miami’s real estate market continues to outpace national trends with average home prices reaching $1.13 million, nearly triple the national average of $647,307, according to the latest market data. The city’s luxury segment is driving much of […]

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Oscar Arellano headshot

Oscar Arellano and team join Coldwell Banker Realty in Miami

Agent, Brokerage, Coldwell Banker, Florida, HWmember, Luxury Real Estate, Miami, People Movers, Real Estate, Real Estate Agents /

Coldwell Banker Realty has added Oscar Arellano, one of Miami-Dade’s top-producing real estate professionals, and the Oscar Arellano Team to its Coral Gables, Fla. office. Arellano joins from Berkshire Hathaway HomeServices EWM Realty — bringing more than 20 years of experience and nearly $1 billion in career home sales. Arellano launched his real estate career

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Foreclosure filings rise 18% year over year in August

Attom Data Solutions, Florida, Foreclosure, Homebuying, HWmember, Mortgage, Nevada, South Carolina /

Foreclosure activity in the U.S. increased in August, with 35,697 properties receiving default notices, scheduled for auction, or repossessed by lenders, according to ATTOM’s August 2025 U.S. Foreclosure Market Report. The total was down 1% from July but up 18% from a year earlier. “August marked the sixth consecutive month of year-over-year increases in U.S.

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Rising insurance costs deepen homeownership strain

Affordability, Florida, Homeowners insurance, Homeownership, HWmember, ICE Mortgage Technology, Insurance, Mortgage, Real Estate, Single-Family Housing /

Homeowners are spending a growing share of their mortgage payments on property insurance, which is now rising faster than principal, interest and taxes, according to the September ICE Mortgage Monitor. Data shows that annual property insurance payments for single-family mortgage holders now average nearly $2,370. That amounts to 9.6% of monthly mortgage-related expenses, the highest

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Housing market risk steepest in southern, western areas

Affordability, Attom Data Solutions, California, Florida, Housing Market Data, HWmember, Louisiana, Mortgage, Real Estate, Unemployment /

A growing number of U.S. housing markets face elevated risks from high foreclosure rates, underwater mortgages and rising costs, according to a new report. ATTOM analyzed 579 counties nationwide for its second-quarter Housing Risk Report — with ranking criteria including affordability, foreclosure activity, mortgage equity and unemployment. California and Florida counties were heavily represented among

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Florida House committee to discuss eliminating property taxes

Affordability, Florida, Homeownership, HWmember, Politics, Property Tax, Real Estate /

A Florida House select committee will meet later this month to discuss cutting or eliminating property taxes as Gov. Ron DeSantis continues pressing for action. A Thursday post from Florida Realtors said the House Select Committee on Property Taxes is tentatively scheduled to convene the afternoon of Sept. 22 and the morning of Sept. 23.

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Housing industry groups are fighting the surge in homeowners insurance costs

California, Climate Change, Florida, Homeowners insurance, Homeownership, HWmember, Insurance, Real Estate /

With homeowners insurance premiums expected to rise an average of 8% in 2025, according to data from Insurify, and researchers blaming these rising costs for an uptick in mortgage delinquencies, it’s clear that insurance costs are hampering homebuyers’ and owners’ already strained wallets.  “Insurance is one of those things that flies under the radar when

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Schemmel Soda Group joins Douglas Elliman in Florida

Douglas Elliman, Florida, HWmember, People Movers, Real Estate /

Top-producing residential real estate team Schemmel Soda Group has left Premier Sotheby’s International Realty to join Douglas Elliman’s Sarasota, Florida, office. The group is led by cofounders Joel Schemmel and Donna Soda, along with agents Sharon Chiodi and Patti Tebo. Marketing Director Katie Kurbiel and client service coordinator Preston Lane are also joining the team.

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Home purchase cancellations hit 8-year high

Florida, Home Sales, Housing Inventory, HWmember, Pending Home Sales, Real Estate, Redfin, Texas /

Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point

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Tech startup offering AI-driven property level risk modeling

Affordability, Alabama, California, Climate Change, FEMA, Flood insurance, Florida, Homeowners insurance, Hurricane, HWmember, Insurance, Mississippi, National Flood Insurance Program, Natural Disaster, Real Estate, Tornado, Wildfire /

San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa

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