South Florida Real Estate inventory has decreased with heavy purchasing from Buyers since the beginning of the year.
I believe So Florida has laid a bottom & will flatline for several more years without major increases in prices.
Buyers still desire location, location, location and a property with renovation & upgrades are a plus!
Friday, May 27, 2011
Monday, March 14, 2011
Real Estate market conditions for March, 2011..
I see the beginnings for a bottoming out of the market.
This may not be THE bottom...but it is the creation of one of the bottoms we are experiencing.
Homes with good locations at good price points are flying out the door.
International Buyers are arriving to Florida from all parts of the world again to pick up the bargains of the century.
By 2013 this Buyers market will start to change..............
If you are thinking about Buying...don't think too long!!!
I see the beginnings for a bottoming out of the market.
This may not be THE bottom...but it is the creation of one of the bottoms we are experiencing.
Homes with good locations at good price points are flying out the door.
International Buyers are arriving to Florida from all parts of the world again to pick up the bargains of the century.
By 2013 this Buyers market will start to change..............
If you are thinking about Buying...don't think too long!!!
Saturday, November 6, 2010
Savvy Buyers
In today's booming discounted Real Estate Market...Buyers have tons of resources to hunt and discover, enabling them to find great bargains fitting their needs and criteria.
But often they allow their egos to forget the real importance of tapping into a TRUE Realtor's knowledge of better understanding & specialization in a particular area or aspect of Real Estate.
So, don't forget to move over and let a Professional take over.
But often they allow their egos to forget the real importance of tapping into a TRUE Realtor's knowledge of better understanding & specialization in a particular area or aspect of Real Estate.
So, don't forget to move over and let a Professional take over.
Friday, October 8, 2010
Oct 8, 2010
The 30 year fixed fell for the 9th time in 12 weeks to 4.27% since the 1971 as traders are anticipating the Federal Reserve to pump more money into the economy.
Friday, September 24, 2010
Sept 23, 2010
Florida Home Sales up 1% in Aug...but prices continue to fall across the board.
Sales for Ft Lauderdale homes were down 16 %, yet in Miami they rose 12%.
Palm Beach homes inched up 5% but the median price sales were down 7% and for the entire state the median sales price was down 9%.
Foreclosures are still mounting & no relief is on the horizon.
Gold and silver prices were up, nearing $1300 for gold and $22 for silver signalling retreats to safer havens.
Sales for Ft Lauderdale homes were down 16 %, yet in Miami they rose 12%.
Palm Beach homes inched up 5% but the median price sales were down 7% and for the entire state the median sales price was down 9%.
Foreclosures are still mounting & no relief is on the horizon.
Gold and silver prices were up, nearing $1300 for gold and $22 for silver signalling retreats to safer havens.
Saturday, August 28, 2010
Barons Report
SEPT 2010
Due to July's poor Real Estate Sales, excess residential inventory in the Florida area reached a 9.1 months supply. This sparked concerns about the state of recovery for the housing recovery and the effect of foreclosures on the marketplace.
While South Florida Buyers are still snapping up properties at a pace ahead of the national trend, the recent uptick of inventory is a troubling signal.
Due to July's poor Real Estate Sales, excess residential inventory in the Florida area reached a 9.1 months supply. This sparked concerns about the state of recovery for the housing recovery and the effect of foreclosures on the marketplace.
While South Florida Buyers are still snapping up properties at a pace ahead of the national trend, the recent uptick of inventory is a troubling signal.
Friday, July 2, 2010
July , 2010
Homeowners who responsibly pay their mortgages on time are fighting the housing market with continuing property devaluation with no relief in sight from Lenders or Federal government aids.
Home values are lower than what people currently owe on their homes, so lenders won't give them refinancing on their homes & the government won't assist those people paying on mortgages that are underwater either.
Under the current structure, these people cannot be helped, so many are just throwing their hands up in the air and walking away from their homes.
This is curtailing the economic recovery in our country.
Home values are lower than what people currently owe on their homes, so lenders won't give them refinancing on their homes & the government won't assist those people paying on mortgages that are underwater either.
Under the current structure, these people cannot be helped, so many are just throwing their hands up in the air and walking away from their homes.
This is curtailing the economic recovery in our country.
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