market conditions: 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)
market conditions: 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)
market conditions: 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)
market conditions: 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)
market conditions: 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.
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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