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Broward County Real Estate: Are Buyers Still Reluctant To Purchase Homes These Days?
Broward County, which includes the city of Fort Lauderdale, is one of the fastest-growing, and more economically and socially-diverse regions of the state of Florida. It Fort Lauderdale has one of the largest marinas in the world, as well as having one of the most popular beaches in the US. Tourism and recreation are economic mainstays, along with the entry of newer businesses like technology and manufacturing. The city's more notable manufactures include boats and yacht builders, and there is a wide variety of small businesses, along with the presence of major US retailers and corporations. The area also has a sizable community of retirees and foreign residents. Home Prices Continue To Drop County-wide It's a fact today that many would-be home buyers are still quite reluctant to commit because of rising consumer costs of living in South Florida, along with the continuing uncertainty of property insurance and taxes, and the dark clouds brought about by the US housing slump. According to South Florida realtors, buyers are, in many cases, making low-ball offers, regardless of a home's condition. Analysts say that many buyers are all convinced that the market's a disaster, but they can't separate the houses that are overpriced from ... more
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