homes: 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)
homes: 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)
homes: 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)
homes: 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)
homes: Ft.Lauderdale Market Conditions- Is Paying off Debt Better Today?
- 01/01/10 12:52 AM
With the dawn of a new decade, there is hope that Americans have learned from the greed of the first decade and have begun to protect themselves for the changing times ahead. I think we're all on the same page that the days of quick profits, flimsy financed projects are now a thing of the past to the average consumer. While corporations have teams of committees combing through legal loop holes, the average guy on "main street" is now thoroughly convinced that tried and true methods of earnings are going to accomplish financial freedom. Slow and steady will win over the … (0 comments)
homes: 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)
homes: 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)
homes: Seller's Too Need Help!
- 11/24/09 05:47 AM
In today's real estate market, buyers are receiving all the attention. With the first time home buyer's tax credit to the extension of benefits to anyone who presently owns a home, where is the assistance to the sellers out there? In addition to the tax credit, the real estate market is being fueled by low interest rates and the drop in property prices. All of these elements are great for buyers, but again, what about the sellers. How can they get top dollar for their homes? Well in today's marketplace, I have a few tips that will help boost your bottom … (2 comments)
homes: 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)
homes: 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)
homes: 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)
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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