Fort Lauderdale Real Estate Market Updates from Award Winning Fort Lauderdale Realtor
Fort Lauderdale Real Estate Updates - Local information and updates for the Fort Lauderdale Real Estate market and the surrounding areas. We believe our jobs as Fort Lauderdale Realtors is to keep our clients all over the world well informed about Fort Lauderdale Real Estate News and Trends! Making a Fort Lauderdale Real Estate decision is certainly easier when you are confident that you are working with a team that understands the market!
blog entries about Fort Lauderdale Real Estate Market Updates from Award Winning Fort Lauderdale Realtor.
If you are thinking of looking for Homes for Sale in Ft. Lauderdale you may want to speak to a local expert with local numbers.
Yesterday people who follow national real estate trends heard a number that housing starts had dropped 10% last month and reacted with gloom and doom. I know that the housing starts number is a reflection of employment in the construction industry and we need employment to start growing. However, wouldn't it also make sense that for exsisting housing inventories to shrink, housing resales to pick up, and prices to stablize, starts would have to drop. In the Fort Lauderdale Real Estate Market the housing starts number has never been a measure of the health of our market. With
Over the last few weeks we have watched an amazing thing happen in South Florida as more and more buyers are flocking to the area to buy the property they always wanted at a price they can now afford. Unfortunately many of them are still armed with media hype and few facts so often we see offer after offer is being rejected. Many leave with the attitude they will just wait, but many more are saying we are close enough to the bottom and I'm going to buy the property I want before it is gone. Over the last 30 days 38 condos in the beach area have gone into pending sale status. They range from a low floor 2 Bedroom at The Berkley South ( Asking price 169,000 ) to a penthouse unit at L'Hermitage (Asking price $3,000,000). Even more important is that of the…
Talk all over the media about real estate at the bottom, as if a line has been drawn in the sand and all areas of our country are the same. I find this amazing. If they were all capable of making perfect timing decisions they all would have bought Microsoft stock 30 years ago, and been long retired, very wealthy. Lets just all accept that marking the bottom of this market is impossible, but properties are being sold for less than would cost to build, simply this is a trend that can't, and won't continue. The best inventory has been selling away for months, the crap is sitting, and sooner or later the best properties at these amazing prices, will simply be gone. If your thinking of buying let me be the first to say welcome to Fort Lauderdale, and with good…
Here we go again, a new real estate cycle visable on every corner that will lead us to the next cycle. Who said the next cycle of dropping real estate prices had to be rising real estate prices. All over Fort Lauderdale rental housing is being built, weve been down this road before. When sales fall off, people start renting, rents go up, and builders build new rentals, when sales start to rise they convert them to condos and sell out, and we get to start all over. How long the cycle lasts is never perfectly clear unless you're watching the news, as they all seem to have the answer. But one fact is clear major real estate developers still believe in the Fort Lauderdale area, they are building rentals all over town, to service the people still moving here
I'm sorry I haven't written in while, but contrary to what the media is saying, we are busy. Our business is ahead of last year and people are buying the bargains to be had in the Fort Lauderdale area. We are working harder than ever, and it is frustrating to see how a correction in the real estate market, has caused banks to stick their heads in the sand, run for cover, and ultimately create a run on real estate and their own banks. I am not smart enough to comment on if the bailout being discussed is the right thing to do, but I have enough common sense to know executives who failed to perform should be given a ticket to Florida instead of a paycheck. We have many bargains that I am sure they can afford. Sincerely I don't blame banks solely for this…
There are few people out there who would say that the banks had their eyes clearly on their businesses with an end in sight as they made loans to people who really couldn't afford them with more and more convoluted terms. I am sure it would be hard to find people to stand up and profess " the banks now get it they are in control of what they are doing now". At FortLauderdaleGroup.com our goal is to help you make a good Fort Lauderdale real estate investments and avoid many of the pitfalls of an unloved, foreclosed property.
The other day we wrote an offer on a bank owned property for $245,000 about 30% less than it would have sold just a year ago, but in the current market, a valid offer. The property was on the market for $265,000. Within days the bank
Its been a long time since I wrote and this is one of things I am going to try and commit to do more often. Believe me there is no lack of suggestions or interests just a lack of time. It goes back to the article "I want to buy a steal" where I discuss that everyone still wants one. Well guess what they still do and the media has convinced them that there are 100's of ocean front condos, in foreclosure with a view, in beautiful resort properties sitting along the coast for $100,000. Guess what they don't exsist, but great Fort Lauderdale Condos for Sale do. I am so happy that in this market Realtors or real estate consultants ( how I prefer we be called ) become so much more valuable to these consumers. We can save then so much time, energy, and money. We
Fort Lauderdale Realtor Originally Published this Article in 2009
I want to buy a "steal"...
This is a line that many Fort Lauderdale Realtors will tell you they hear almost everyday in this new real estate market. Personally I take solace in the fact that we are all hearing it everyday. I am not sure I fully understand the definition of a “steal”, but I find comfort in knowing there are so many potential buyers out there interested in South Florida all looking for one, in Fort Lauderdale Real Estate. With this in mind a link directly to the Fort Lauderdale MLS is called for.
I have asked many clients to help me define a steal. Sometimes it leads to the word foreclosure. So just maybe a “steal” is a property that has been on the market, nobody
Welcome to the Fort Lauderdale Area real-estate market, an every changing arena, where prizes such as a Fort Lauderdale Beach front condo, or a Fort Lauderdale Waterfront Home, always preform differently that the homes we refer to when we speak of "Average Real Estate Prices in Fort Lauderdale". In this discussion of Homes for Sale in Fort Lauderdale we would like to discuss one subject, pricing. We sincerely hope you find it helpful as you start thinking about buying a home in the Fort Lauderdale Real Estate market. This is an indepth review of prices updates in 2018. It is is not unusual for people coming to look at Fort Lauderdale Real Estate to experience sticker shock. We are no longer the home of inexpensive beach front properties that you saw