Active listings continue to drop significantly since the beginning of the year, whereas pending sales have risen steadily. Overall, this is a good indicator for the real estate market in South Florida. Graph provided by CondoVulture.com In other news, house prices raised for the second month in a row. U.S. house prices rose 0.4 percent on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.8 percent increase in April was revised to a 0.2 percent increase. … (1 comments)
real estate recovery report: Housing Inventory in Broward and Palm Beach Steadily Decline
- 06/28/11 02:03 PM
Here is an interesting graph that I found on SunSentinel.com showing the decline of the housing inventory in Broward and Palm Beach Counties over the last 3 years. The trend shows a steady drop in the number of homes for sale and it is a good indication that the real estate market will return to a more natural balance eventually. If this trend continues I think it will only be a matter of time before prices being to react towards the dropping supply of available property.
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real estate recovery report: South Florida Listing Inventory Dropping as Pending Sales Remain Steady
- 06/23/11 07:46 AM
Active listings have dropped significantly since the beginning of the year, whereas pending sales have risen steadily. Overall, this is a good indicator for the real estate market in South Florida. Graph provided by CondoVulture.com In further news CoreLogic reported this week that the shadow inventory of homes dropped by 18 percent from its peak as of April. The shadow inventory are the homes that banks and other entities have foreclosed on but have yet to list on the market. This is an indication that foreclosures have peaked and are starting to slow down.
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real estate recovery report: More Buyers Expected as Rents Rise
- 04/23/11 01:39 AM
Real Estate analysts are starting to see rental rates in desirable areas starting to rise as 2011 has had a strong start. It is predicted that rental rates will continue to go up through 2013 and as they do tenants will become more motivated to purchase property in greater numbers. However, in cities where foreclosures and unemployment is high, rentals rates will remain stagnant. Obviously this isn't going to happen over night and I think it is safe to say that real estate will be undergoing "gradual" change, as opposed to "swings" for quite some time given our recent history. … (4 comments)
real estate recovery report: Headlines everywhere show signs of real estate market shifts
- 02/23/11 09:37 AM
So far this week I see healines like the ones below and it gives me comfort... Investors fuel home sales surge across S. Florida, nation Home sales rose sharply in January across Palm Beach and Broward counties, the Florida Realtors said Wednesday. Palm Beach County had 745 existing homes trade hands, up 36 percent from a year ago. Broward sales increased 18 percent to 813. Existing condo sales in both counties also were robust. Home sales surged across Florida and the nation. Many of the sales are cash deals from investors. Nationally, the share of first-time buyers in January slipped to … (2 comments)
The National Assocation of Realtors released the national sales figures for February today.
Sales of existings single family homes - Increased by 21% from 9,867 in Feb 2009 to 11,890 in Feb 2010 All told that is a 13.6% more property sold from the month before
Sales of existing condos - Increased by 59%! from 3,190 in Feb 2009 to 5,085 in Feb 2010 That is a 9.8% increase from the previous month.
The median sales price for last month's condo sales was $92,000, … (0 comments)
real estate recovery report: Palm Aire properties in Pompano Beach are selling again! Real Estate has a pulse.
- 03/26/08 07:54 AM
I am glad to say that real estate in Palm Aire is looking great this week. So far this week, we have sold four properties, three of which were in Palm Aire. The other was a house in Oakland Park. We are also starting to see a turnaround in phone calls and the number of keys that are going out with the agents who show our properties. It might be a random fluxuation, but we are glad to see that buyers are interesting in buying property in Pompano Beach once again. As a real estate office that has been in Pompano for twenty … (2 comments)
A forum for discussion of all things involving Palm-Aire Country Club in Pompano Beach, Florida and the area that surrounds it. Palm Aire's real estate properties are lush and lavish, like the lifestyle.
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