It’s practically common knowledge today that the market has changed dramatically and quickly from a buyer’s market to something closer to a seller’s market. More buyers are now competing for a limited supply of homes and buyers need to make sure their initial offers are as appealing as possible if they don’t want to run… read more.
South Florida’s real estate recovery continues. According to Brad Hunter, chief economist at Metrostudy Research based in West Palm Beach, “A complete transformation has occurred in the real estate market. Two years ago, buyers were holding back because prices were still falling and now there is urgency to buy.” As South Florida’s housing inventory shrinks, so… read more.
If real estate history repeats itself and the economists are correct, 2012 was the new 2002. A look back at 2002 in South Florida looks very similar to 2012. Ten years ago, combined numbers for Miami-Dade and Broward showed an overall inventory level of just over 20,000 residential properties for sale or about five months of… read more.
South Florida’s housing market improved dramatically in 2012, with sellers regaining the upper hand amid growing confidence in a revitalized housing market. It went from one of the country’s hardest hit housing markets to one of the most improved. Strong demand paired with limited inventory helped fuel a recovery in pricing, which was good news… read more.
Florida’s housing market continued to perform very well in November 2012. According to the latest data available from Florida Realtors Industry Data and Analysis Department, statewide closed sales of existing single-family homes in November 2012 were up 24.4% compared to November 2011, while single-family pending sales, (contracts that are signed but not yet completed or… read more.
The Southeast Florida real estate market ended 2012 on a positive note. This is in stark contrast to a few years ago when South Florida’s historic housing meltdown began forcing thousands from their homes and robbing many more of their financial security. Now prices are heading up, signaling growing evidence of a sustainable recovery. These… read more.
With the end of the year fast approaching, it’s time for some reflection. The long-battered housing market is finally getting back on its feet – sales are up, prices are up and inventory is down. Mortgage rates are near record lows. Rentals are scarce, prices are high and in our market, it’s more cost effective… read more.
The Greater Miami Metro area, and by way of proximity, Fort Lauderdale, continues to emerge as a destination where people not only come to visit but also to buy real estate. This year’s Wealth Report ranked Miami Metro number six worldwide in its attractiveness to high net-worth individuals. It is also one of the three… read more.
Welcome to my blog, where you’ll find helpful information and a monthly update on the market The number of properties for sale in the Fort Lauderdale/Miami area, especially waterfront properties, has dropped significantly from a year ago. This reduction in inventory is signaling a shift from a buyer’s market to a seller’s market. Even though… read more.