ft lauderdale: Ft Lauderdale Market Conditions- March 2010
- 04/10/10 09:21 AM
Has everyone started to feel the love again? In the greater Ft. Lauderdale real estate market, not only has the inventory sharply declined, prices are climbing as well. As I've been reporting for several months, the market in the greater Ft. Lauderdale area has bounced back and this month, I am forecasting the momentum to continue in spite of the tax credit expiration date coming at the end of April. The only immediate cause for concern is if the interest rates which spiked .3% in one week, continue to rise. Most analysts state they feel the recent spike was well expected and … (0 comments)
ft lauderdale: Ft Lauderdale Market Conditions- February 2010
- 03/13/10 12:35 AM
It is very clear and apparent, the Ft. Lauderdale real estate market is stable and is about to make a turn for higher prices. According to Trendsgraphix, inventory levels in both single-family products and multi-family products dipped after making a small spike in January. The inventory level of single-family homes within the greater Ft Lauderdale market dipped to 9.9 months, down from 10.1 months in January.
The actual number of single-family homes currently on the MLS stands at 8,100. Of the current single-family inventory, only 6.1% was from foreclosures while a whopping 59.5% were from traditional sellers that still had … (2 comments)
ft lauderdale: Ft Lauderdale Market Conditions – January 2010
- 02/13/10 08:41 AM
The dawn of the new year has seemingly given way to an increase in inventory levels throughout the price points of the Ft. Lauderdale real estate market. If one solely looked at the increase in the months of inventory, the condition of the local Ft. Lauderdale market would be taken totally out of context. Actually, the market is stronger than ever these days.
From this time last year, single-family inventory levels have decreased an amazing 42.2% while the inventory of attached homes have decreased an astounding 52.9%. As of this article, another significant shift has occurred. Traditional sellers are now again … (0 comments)
ft lauderdale: Ft Lauderdale Real Estate- Keep a Positive Outlook for 2010
- 01/30/10 12:49 AM
There are so many naysayers out there and that will probably never change. Some people make a living at throwing negativity out in the world just to throw out a contrasting point of view. To them I say, "Find a new job!" Just in the last twelve months in the Ft. Lauderdale real estate market, I've witnessed price points under $400k experiencing bidding wars over distressed or newly renovated properties. In many ways, it was reminiscent of the old glory days of 5 years ago. Ft. Lauderdale has experienced a renaissance in the real estate market. Prices of homes and investment properties … (1 comments)
ft lauderdale: Ft. Lauderdale Market Conditions-January 2010
- 01/12/10 12:29 AM
Happy New Year everyone! In Ft. Lauderdale there is definitely something to cheer about. Inventories of all type of dwellings in the greater Ft. Lauderdale area continuing to shrink quickly. Despite a minor uptick in the month of November, December continued Ft. Lauderdale’s winning way and another significant drop occurred. As I previously wrote, November seemed to be an anomaly. The slight uptick was created most probably due to the expiration of the Federal Tax Credit offered to first time buyers. Likely in October, most saw the purchase of a home to be too late to qualify for the credit, so … (0 comments)
ft lauderdale: Why Are You Waiting to Buy?
- 01/08/10 06:38 AM
It fathoms my mind why anyone at this point is still sitting on the fence to buy a home. Unless the buyer is completely unable to purchase for a solid reason, waiting no longer makes any emotional or financial sense. Emotionally, most people were not budging when it came to buying a home back in 2007. Today, in 2010, the Ft. lauderdale real estate market, in particular, has seen it worst times and now we are on the rebound. With several consecutive months of inventory reduction, most buyers the Ft. Lauderdale area are now aware that optimal selections are quickly becoming a … (0 comments)
ft lauderdale: Ft. Lauderdale Market Conditions- Buying Under 400k Through FHA is Wise!
- 12/22/09 03:37 PM
It seems that the Ft. Lauderdale real estate market is perfectly capable of absorbing as many homes available under $400k that become available. According to Trendgraphix, single-family inventory levels show a much different picture when comparing the number of homes available and sold above and below the $400k price point. When looking at the available inventory in and around the greater Ft. Lauderdale real estate market, it's clear that $400k is the magic price point to strive to stay below. Presently, market conditions approximate 6.3 months of inventory under $400k and nearly triple or 17.9 months if priced over $400k.
There is no … (0 comments)
ft lauderdale: Ft Lauderdale Market Conditions- Buy Right Sell Smart
- 12/20/09 12:59 AM
"Buy Right Sell Smart" is the title of a book I authored this year which is now in print. It deals with overcoming the challenges of buying and selling homes in a challenged market. There are numerous tips on getting top dollar for a seller and wisely looking at a home and putting some emotion aside when in the buyer's position. As you follow my blog, (feel free to look at back articles), you will see that I'm all about informing people on the changing landscape within the real estate process. Many have come forth within the real estate profession and … (2 comments)
ft lauderdale: Ft. Lauderdale real estate market- Condo vs. Single-Family
- 12/17/09 06:24 AM
All forms of housing seem to be moving at a much better pace in 2009 than in the prior three years. Many properties have been absorbed according to the data provided by the Ft. Lauderdale Board of Realtors. In the greater Ft. Lauderdale area, inventory levels have steadily declined in spite of an anomaly last month. People always ask the question, What should I buy? Should I buy a condo and have the Association take the major responsibility out of my hands for maintenance or should I buy a single-family home with all the maintenance falling upon my shoulders?
… (4 comments)
ft lauderdale: 2010? Are the First Time Buyers Still Going to Buy?
- 12/12/09 10:50 AM
As the dawn of 2010 is nearly on the horizon, what will it mean for the Ft. Lauderdale real estate market? With much of the market in Ft. Lauderdale being fueled by investors and first time buyers, will this trend continue? The answer is, for at least the first half of 2010. The extension of the first time home buyer's tax credit has given way to a renewed momentum that took a brief dip due to the last minute extension that was granted by the government. The first time buyers, since catching wind of the extension, are out once again. … (2 comments)
ft lauderdale: Ft Lauderdale Market Conditions December-2009
- 12/09/09 03:28 AM
The Ft. Lauderdale real estate market conditions ending November 2009, have ticked up slightly in the standing inventory available to the greater Ft. Lauderdale consumer. Single-Family homes will always be more attractive to buyers for several reasons. First and foremost is easier avenues to get financing. Today, most loans are being guaranteed through FHA. This is a very attractive loan program. FHA currently requires a lower down payment ( as little as 3.5%), asks less in the way of credit worthiness and while affording cheap interest rates, allows the consumers to pass on their loan to the next borrower. FHA is currently … (0 comments)
ft lauderdale: Ft Lauderdale Market Conditions-December 2009
- 12/04/09 01:10 AM
Before the actual raw data is crunched, it's key to remember one undeniable point-perception is the key to everything! I will be reporting later in the month with the actual data to support this article. For now, I am stating that the real estate market has already hit bottom and is in the process of taking a slight bounce upward. There are many factors that are key to this statement. In the Greater Ft. Lauderdale area, conditions of real estate sales and refinances are being heavily influenced by the lowest rates ever recorded. The 30-year fixed rate mortgage gravitated last week … (0 comments)
ft lauderdale: Ft Lauderdale Market Conditions- November 2009
- 11/28/09 11:51 PM
The Ft Lauderdale real estate market continues to rebound beautifully with help from many stimuli. Today, November, 28, 2009, there is only 7 months of standing inventory of single-family homes in the Greater Ft Lauderdale real estate market and surrounding areas. The actual number of homes listed in the MLS (multiple listing service) is 8,077. There are only 447 foreclosed homes currently listed as active regardless of price. That represents only 5.5% of the homes in the areas in and around Ft Lauderdale. Short sales are a different matter. There are currently 2,611 short sales listed which represents approximately 32.3% of the … (2 comments)
ft lauderdale: Ft Lauderdale Real Estate Market Conditions - Are Happy Days Here Again?
- 11/21/09 02:59 PM
With all the stimulus dollars floating in the markets, there is some measured good news on the real estate horizon. Nationally, pending home sales rose again, marking eight consecutive monthly gains - the longest streak since measurement began in 2001, according to the National Association of Realtors® (NAR). The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and … (2 comments)
ft lauderdale: Poinsettia Heights, Fort Lauderdale, Florida
- 11/19/09 02:13 AM
Of all the neighborhood communites that comprise the city of Ft. Lauderdale, I chose to set roots in the community of Poinsettia Heights. Poinsettia Heights is a neighborhood in the northeast quadrant of Fort Lauderdale, Florida, and its boundaries are Federal Highway (US 1) to the west, Sunrise Boulevard and adjacent to the neighborhoods of Lake Ridge and Middle River Terrace to the south. Poinsettia Heights was originally known as "North Ridge,". The developer, Gill Construction Company commenced building in the 1940s and early 1950s when many other surrounding communites began to boom. Ft Lauderdale is comprised of many forms of … (0 comments)
ft lauderdale: Ft Lauderdale's Victoria Park and Rio Vista- A Flavor of History
- 11/17/09 01:06 AM
The Ft. Lauderdale real estate market is comprised my many community neighborhoods that originally started east of US1 or as the locals deem it, Federal Highway. Back in the 1920's Ft. Lauderdale was confined mainly to the inlets and waterways that led to the ocean. Like most areas influenced by the industrial revolution of the early 20th century, population centers eventually incorporated into towns that soon dotted the most eastern landscapes of the Florida Gold Coast, where water traffic was key to trade. Once the railroad expanded its influence, people slowly migrated away from the coast line. Victoria Park and Rio … (0 comments)
ft lauderdale: Ft Lauderdale's Most Famed Neighborhood-Las Olas Boulevard
- 11/14/09 06:31 AM
Las Olas Boulevard, Ft. Lauderdale's gateway from the urban core of downtown to the world renowned white sandy beaches and sparkling crystal waters of the Atlantic, has always been a prime part of Ft. Lauderdale's real estate market. Until recently, Las Olas catered to the social elite. Strolling along the boulevard shops before taking a sampling of world cuisine from the many fine restaurants that line the vibrant thoroughfare, gave others a window into a lifestyle that only one could imagine. With the recent downturn in the Ft. Lauderdale real estate market, many new opportunities have arisen and given many hope … (0 comments)
ft lauderdale: Ft . Lauderdale real estate is heating up
- 11/11/09 08:50 AM
As of October 31, 2009, there have been many positive signs that greater Ft. Lauderdale real estate is moving faster each month. Let's go back to April of this year, only 6 months ago, and see what has happened with the inventory of real estate. I didn't want to discriminate by neighborhood, price range, waterfront or any other criteria. I feel when you start putting in criteria to a search, one can skew data. For my current research into the greater Ft. Lauderdale real estate market, I would let just the area stand as the only criteria for this experiment. Since … (0 comments)
ft lauderdale: Ft. Lauderdale Buyer's Market Conditions November 2009
- 11/09/09 02:56 AM
Ft. Lauderdale buyer's inventory has been on a steady decline for the past year. Inventory levels for single-family homes in the areas surrounding Ft. Lauderdale are quickly making a buyer's market a thing of the past. In the past 4.5 years, the areas around Ft. Lauderdale have seen a lot of changes in the real estate market. From the period of feast to famine, people who own or have wanted to own a piece of the American dream, have been on a wild rollercoaster ride. Back in 2005, people in Ft. Lauderdale were snapping up homes left and right. When someone put a sign … (1 comments)
ft lauderdale: Ft Lauderdale Inventory Continues to Shrink
- 11/09/09 02:45 AM
According to Trendgraphix Facts and Trends, buying a home in Ft. Lauderdale maybe harder than ever. Since the beginning of 2009, the inventory of homes on the market in Ft. Lauderdale has decreased from a 24 month supply to a present 9.4 month supply. This inventory includes all homes listed on the MLS in a price range up to $500k.
It's not difficult to understand why Ft. Lauderdale's more affordable homes are being snapped up so quickly. There are a few reasons which include:
•1. FHA is the current primary lender of homes with mortgage limits guaranteed to … (6 comments)
Has everyone started to feel the love again? In the greater Ft. Lauderdale real estate market, not only has the inventory sharply declined, prices are climbing as well.
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