Market Insight

Update on the South Florida / Fort Lauderdale real estate market.

Has the condo correction already started?

Has the condo correction already started in South Florida?  By looking at the latest numbers, it appears so.  Today we will focus on Broward County, which includes the cities of:  Fort Lauderdale, Pompano Beach, Deerfield beach, Hollywood and Hallandale Beach just to name a few. Average sale price in Correction territory Our first chart today […]

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Headline of the day

The headline of the day appeared after existing home sales tanked for December. Here is a good  link.   Apparently real estate agents were “baffled” by the latest home sales report.  How could this happen?  You mean that real estate doesn’t always go up?  If agents would spend some time doing basic math and affordability analysis, they […]

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About our blog

I remember visiting some friends in Southern California during the last housing boom.  I played golf with different groups over a one-week period and it seemed like everything in the economy was hitting on all cylinders.  Almost everyone I met was a mortgage broker or real estate agent.  This was probably around 2005-2006 and there […]

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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 […]

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Will they see it this time around?

Will the real estate agents see it this time around?  So many of them were blindsided by the last downturn.  They were busy selling and collecting commissions on overpriced properties, ignoring all of the signs of a frothy market.  My guess is they won’t see it, because they don’t want to.  More importantly, real estate […]

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The big unwind

A big unwind is on the horizon.  Although the low rates and easy money helped propel the real estate markets to new highs, it is important to maintain some perspective on how these levels were reached.  There has been lots of market manipulation “tools” in order to create this latest bubble, so don’t expect it […]

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On the home stretch

Well, we are already on the home stretch in 2018 and trying to see how this year will stack-up in home sales data.  This has been an unprecedented decade of artificial stimulus for the housing market and we will soon find out how the hangover feels.  Our charts today will examine prices, sales volume, inventory […]

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Trick or Treat?

It’s trick or treat time in the South Florida real estate market.  Not just because we are at the end of October, but we may finally see changes in the market,. Higher mortgage rates may finally be doing some damage and could impact selling prices going forward.  Our first chart shows the average selling price […]

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Have you noticed?

Have you noticed anything different in your neighborhood?  Does it appear as if those for sale signs tend to linger awhile longer than they used to?  How about that slick real estate investor trying to flip the house down the street for a quick profit?  Do you think they have seen a shift in the […]

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Teaser rates

Teaser rates may be a thing of the past and now we will see if the South Florida residential market can hold-up.  Today we will look at the average sale prices of houses and condos in the Greater Fort Lauderdale area.  This chart is through August, before the last pop in mortgage rates hit.  It […]

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