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Fort Lauderdale Real Estate: New Projects Are Revving Up The Local Housing Market
The city of Fort Lauderdale in Broward County, Florida is a vibrant and thriving economic and tourism metropolitan area. The city's housing markets are viewed to be rebounding from the recent housing crunch, and it's one rebound that is clearly visible these days, as some developers are bucking the odds, and are starting to build new homes again. More Approvals Are Seen For New Developments Housing slump. Real estate bubble. These words were once-feared premonitions of a total breakdown in the country's housing markets. Some areas may still be mired in the flood of foreclosures, but some areas have shown tenacity to quickly rebound from the morass. Take Fort Lauderdale. Home developers in this city have recently sought and obtained approvals Tuesday for 629 residential condos or apartments that had been approved several years but were never built. The home developers have now said that the projects will move forward,even in a real estate market that has frightened off most investors. Despite getting a lot of negative barrages from some, home builders and developers here continue to submit building plans at City Hall for the construction of newer multi-family residences and units, while development continues on hundreds of condo units approved ... more
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