Price action hit a wall in the South Florida residential market. Today we will look at the median sale prices of single-family homes and condos in Miami, Fort Lauderdale, Boca Raton and surrounding areas. Existing home sales on a national level look like they are exhausted as well. South Florida was ground zero during the last […]
Palm Beach foreclosures
Price action – going nowhere fast
Also posted in Condo market, Fort Lauderdale foreclosures, Miami foreclosures, Single-family homes, South Florida Real Estate
Tagged Fort Lauderdale condo market, Miami condo market, Palm Beach condo market, REO
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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 […]
Also posted in Foreclosure activity, Fort Lauderdale foreclosures, Miami foreclosures, South Florida Real Estate
Tagged Fort Lauderdale foreclosures, Miami foreclosures, Palm Beach foreclosures, South Florida foreclosures
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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 […]
Also posted in Foreclosure activity, Fort Lauderdale foreclosures, Miami foreclosures
Tagged housing bubble, South Florida foreclosures, South Florida real estate
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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 […]
Also posted in Foreclosure activity, Market Insight, Palm Beach real estate, Shadow Inventory, South Florida Real Estate
Tagged Palm Beach condo market, Palm Beach foreclosures, Palm Beach real estate
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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 […]
Also posted in Foreclosure activity, Fort Lauderdale foreclosures, Market Insight, Miami foreclosures, Shadow Inventory
Tagged Fort Lauderdale foreclosures, Palm Beach foreclosures, REO
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Mortgage foreclosure filings in South Florida
As we expected, mortgage foreclosure filings are ramping-up once again. They were gaining momentum throughout 2017 until Hurricane Irma, when FEMA placed a 90-day hold on foreclosure filings. That led to the annual “holiday hold”, so it looks like the banks are getting back in inaction. Many of these cases have been lingering since the […]
Also posted in Foreclosure activity, Fort Lauderdale foreclosures, Market Insight, Miami foreclosures, Shadow Inventory, South Florida Real Estate
Tagged Fort Lauderdale real estate, housing bubble, Miami real estate, REO, short sale
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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 […]
Summertime spike in foreclosure activity
Foreclosure activity has been heating up in South Florida this summer and all three counties have seen a year over year increase in monthly filings. The monthly average of new foreclosure filings has increased 60% in 2016 to 1,277 per month, while the monthly average was only 796 for 2015. These filing numbers are a […]
Transaction prices, inventory and a foreclosure update for the South Florida residential real estate market
Now that 2015 is in the books, it is time to take a look at the South Florida residential market data including Miami-Dade, Broward and Palm Beach County. Our first chart today breaks down the single-family home sales by transaction type. The median sale prices in December were as follows: Traditional sales – $320,000 Foreclosure […]
South Florida Foreclosures: Don’t call it a comeback, they’ve been here for years!
The South Florida foreclosure problems are far from over. Nearly six years after the housing bust we are still wrestling with properties in default. The steady flow of distressed properties in this market will continue to be a problem over the next few years. The good news is that all of these monthly filings aren’t […]
