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.

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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Spring is in the air

Spring has arrived in South Florida, which means it is slightly warmer than winter and not as hot as summer just yet.   Our charts of the Miami-Dade, Broward and Palm Beach residential real estate market are shaping up nicely, so let’s get cracking on them. A glance at prices as we move into spring Here […]

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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 […]

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Taking a look at the Fort Lauderdale foreclosure market

It has been awhile since we have provided a foreclosure update with a city by city count of properties.  Today we will run through Broward County.   Our first chart shows how each city stacks up.  Although many of these properties will not make it to the market, there are 5,911 houses and condos in some […]

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Performing under pressure

Residential real estate has been performing just fine throughout the “easy money” economic environment of the past decade.  Now that rates are finally climbing, you will begin to see how South Florida house and condo prices perform under pressure.  The most recent spike in rates has probably shaved at least 10% off residential real estate […]

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Brace for impact

Now is a good time to brace yourself for the impact of higher rates.  We have been discussing the artificially low rates for quite sometime and it looks like the path to normalization has begun.  Take a look at this chart of rates, with a clear path for the 10-year bond to move closer to […]

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Let’s call it a comeback

Making a Comeback – Foreclosure Activity Let’s call it a comeback.  Foreclosure filings are rebounding in South Florida.  FEMA halted foreclosure actions after Hurricane Irma and lenders appear to be firing up the repo machine again.  Below is a snapshot of the South Florida monthly foreclosure filings.  The sharp decline in September is after the […]

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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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