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Wonder who the biggest buyers for US Real Estate right now? Canadian snowbirds - 02/22/12 06:44 AM
Canadians are now the largest home purchasing group of any foreign demographic in the U.S., according to a survey by Credit Sesame. Florida remains the most popular destination for foreign buyers, most of whom buy property for less than $100,000 each. Florida, Texas,California and Arizona are the other most poplar targets for snowbirds, with Canadians leading the way in Arizona as well. Asians are the second most frequent foreign buyers in the U.S., according to the report, followed by Europeans. Canadians have been out in full force in South Florida, where they are buying up substantial amounts of property for personal use and investment. This is … (2 comments)
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South Florida real estate sales increase as available listings drops - 02/15/12 09:33 AM
This chart proves what I as a full time real estate broker have been seeing in the office. In Southern Florida buyers are picking up properties unlike they have in the past 5 years. With prices still at 2001 levels and sellers having long since given up on thinking their homes are worth what they were told in 2005-2006 more properties are turning over now more than ever in our recent past.
I am seeing some of the greatest deals occuring right now because if this level of buying persists and inventory remains low prices will naturally rise as … (1 comments)
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Florida’s existing home and condo sales up in 4Q 2011 - 02/10/12 08:45 PM
Florida’s existing home and existing condo sales continued their positive trend in fourth quarter 2011, posting gains compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®.Existing home sales rose 7 percent in 4Q 2011 with a total of 42,038 homes changing hands statewide; during the same period the year before, a total of 39,355 homes sold, according to Florida Realtors. Statewide sales of existing condos in the fourth quarter rose 4 percent compared to the year-ago sales figure.Florida’s existing-home median sales price was $132,000 for the three-month period, down only 1 percent from … (0 comments)
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South Florida’s real estate crisis in one chart - 02/08/12 08:29 AM
The chart anchors all three indices to the first quarter of 2000, so the numbers show appreciation since then. Real estate got out of hand across the country, with appreciation peaking nationally at 166 percent in 2007. But in Broward, values soared 272 percent. Miami-Dade did even better, up 283 percent.
It’s easy to see how quickly values collapsed, but the chart also points out something that tends to be overlooked amid the wreckage of real estate. Home values are still ahead of where they were in 2003.
But perhaps more surprising, local property has actually held its value better … (0 comments)
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Broward housing inventory down 35 percent - 02/08/12 08:21 AM
The number of residential listings in Broward County fell by 35 percent in 2011, according to data from the Miami Association of Realtors. There are a total of 12,997 current residential listings in the county, down from 19,899 in 2010. In December, total inventory fell 2.4 percent compared to November. “The residential housing market has reflected health and balance over the last year,” said Ernesto Vega, president-elect of the Broward County Board of Governors of the Miami Association of Realtors. “Broward County home sales and prices continue to rise and are expected to further strengthen in 2012.” Nationally, total housing inventory … (1 comments)
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Randy Harden - South Florida Real Estate
Pompano Beach,
FL
More about me…
Wieder Realty, Inc.
Address: 1221 S Powerline Road, Pompano Beach, FL, 33069
Office Phone: (954) 979-9788
Cell Phone: (954) 580-2878
Email Me
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