Foreclosure activity

Thumb on the scale

It appears that someone still has their thumb on the scale as we begin 2018.  With housing, stocks and bonds still at elevated levels, maybe we should give credit where credit is do:  Central banks!  By keeping rates at record lows and buying every asset class regardless of price, the invisible “thumb” is what keeps […]

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Greater Fort Lauderdale area market observations

After some storm-related data volatility, it is a good time to discuss a few of our market observations for the Greater Fort Lauderdale residential real estate market.  Today we will discuss trends in transaction volume, sale prices, existing inventory and foreclosure activity.  At first glance, it appears that storm activity impacted sales volume, foreclosure filings […]

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Real estate market disruption

Last month the South Florida real estate market showed notable disruption in a variety of metrics.  Today we will review and discuss a few areas that were impacted from the weather and if this accelerates a downturn in the South Florida property market. Disruption in transaction volume for single-family homes The total number of single-family […]

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Changes in attitudes around the lower latitudes

Jimmy Buffet had a great song entitled “Changes in latitudes, changes in attitudes” and that is the theme of our post today.  Market sentiment often shifts several months (or longer) prior to any price correction and most individuals may not see the shift until long after a cycle turns.  During the last housing crisis, most […]

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Stall speed

Stall speed is the slowest speed a plane can fly to maintain level flight.  That sounds a lot like the state of our economy and the bond market is well aware.  After the November election we saw a noticeable jump in 10-year bond yields and mortgage rates, but halfway through 2017, they simply don’t believe […]

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Pops & drops

Real estate data has a tendency to be seasonal and from the looks of this latest batch, we are right on track again in South Florida.  Today we will take a look at the “pop” in transaction volume last month, along with price trends, foreclosure filings and distressed sales. A seasonal “pop” in deal volume […]

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Hanging around

The Counting Crows had a cool song years ago titled “hanging around”.  It had a great beat and reminds me of a few market conditions lately.  Today we will highlight a couple of our charts that may be worth monitoring and will help you determine if the real estate market recovery is for real. Rates […]

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What to watch in 2017

There are a few areas to watch as we begin 2017 and we will highlight them with new charts.  After eight years of artificially suppressed interest rates, all asset classes could enter a new era of volatility.  Here are a some data points worth keeping an eye on as we move through the year: Watch […]

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Single family home inventory, prices and transaction volume

Single family home inventory Our focus today is on the single family home segment in the Greater Fort Lauderdale area.  First, let’s see how the available inventory looks.  During the month of July there were 5,396 houses listed for sale in Broward County.  The beginning of last year is when inventory seems to have reached […]

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Distressed property market & a few South Florida real estate charts

South Florida Distressed Property Market It sure seems that we have been talking about the distressed property market in South Florida for a very long time.  It has actually been close to a decade that short sales and foreclosures have been a factor in the residential real estate market.  Cracks in the market started to […]

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