Foreclosure activity

Foreclosure activity in the South Florida markets of Miami, Fort Lauderdale and Palm beach.  We monitor the monthly foreclosure filings, shadow inventory and distressed sales including short sales and REO transactions.

Year in review – 2018 foreclosures

Today we will do a year in review with a look at foreclosure filing activity throughout South Florida.  It’s crazy to think that ten years after the last housing bust, the delinquent mortgages still remain.  There have been a variety of foreclosure halts in South Florida over the last decade.  As a result, we continue to wrestle […]

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Going vertical

The chart of foreclosure filings in Miami is going vertical.  For the past several years we have seen condo towers going vertical across the city skyline without any concern for poor fundamentals in the residential real estate market.  Ten years after the last housing crash and South Florida appears to have some  issues piling-up once […]

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Late cycle behavior

Late cycle behavior is back in the South Florida residential market.  For the last decade it appeared as if this slow grind higher in prices would not abate.  There is evidence of peaking residential prices in the South Florida market and a reversale might be right around the corner.  today we will highlight some of […]

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A tale of two markets

A tale of two markets is the title for today’s post.  We are noticing a large increase in foreclosure filings across South Florida while prices remain at multi-year highs since the financial crisis.  First, we will look at the foreclosure filings. A tale of distress The first chart today will highlight the monthly foreclosure filings […]

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Lofty numbers all around

Real estate prices remain lofty in South Florida as we move into the summer months.  The spring is usually an active season for transactions and prices are still holding up for now.  The average sale price of a single-family home in South Florida was down slightly to $521,886 and the average sale price of a […]

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Palm Beach market update

Today we will take a look at the Palm beach, Florida residential market with charts of average sale prices, transaction volume, inventory and distressed properties.  Our first chart shows the average sale prices of houses in South Florida and you will see that Palm Beach led the pack in April with an average selling price […]

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Break on through

Rates have finally decided to break on through (to the other side) to quote The Doors.  We have been talking about how rates have been knocking on the door for awhile now and it finally happened.  This week the 10-year bond yield crossed 3.03% and the 30-year bond crossed 3.22% today.  Real estate agents need to be […]

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If it all falls down

What will happen if it all falls down?   I guess the housing “recovery” has been fun, but it looks like transaction volume continues to decline.  Today we will look at the Greater Fort Lauderdale / Broward County Florida residential real estate market.  The average monthly transaction volume has been declining since peaking in 2015. As […]

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Delinquent mortgages loans are still a problem the South Florida residential market

Delinquent mortgage loans continue to be a problem for the South Florida residential real estate market.  As we move through 2018, it sure looks like mortgage foreclosure filings are picking up steam.  For some reason local agents fail to mention the amount of distressed properties that continue to plague the South Florida market.  They like […]

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Knocking on the door

The 10-year bond is knocking on the door to 3% again.   We made a run back in February and it failed. Why is this important?  Because mortgage rates closely track the 10-year bond and if rates rise, prices drop.  It’s just basic math and most people forget that rates have been so low for so […]

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