Mortgage rates

Will borrowing costs & real estate prices fall together?

Normally borrowing costs fall and real estate prices rise.  Will rates and prices both fall together this time around?  Nothing has been normal during this last decade of low rates and asset price inflation.  Mortgage rates have been falling, but they don’t appear to be helping real estate transaction volume or prices for that matter. […]

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Mortgage rates collapse (again)

This week mortgage rates collapsed again.  This is tricky since it wasn’t long ago that we thought the economy was gaining strength.  Apparently the Fed and the market think otherwise.  This was the largest one week drop in a decade!  Lower rates could bring some real estate buyers off the sidelines.   However, if rates cannot […]

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A hiccup or a rebound?

We are trying to determine if this recent data is a hiccup or the start of a rebound in housing activity.  Deal volume picked up in February with a total of 5,790 closed residential transactions, up from the dismal number of 5,113 in January.  We always remind people that one month doesn’t make a trend, […]

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Residential inventory build in Fort Lauderdale area

There is a residential inventory build in the Fort Lauderdale area that we haven’t seen in a few years.  The number of houses and condos on the market hasn’t surpassed 15,000 since March of 2016.  In January, there were 6,162 houses and 8,835 condos for a total of 14,997 residential properties listed for sale throughout […]

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Residential inventory on the rise in South Florida

Residential real estate inventory was on the rise in South Florida during the month of January.  We have noted that some of this bounce is seasonal.  Plenty of sellers would rather not have their properties listed during the holidays.  They come off in late November and magically reappear in January.  What is noticeable this time […]

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Pick your poison

When it comes to the current housing and mortgage market, I guess you have to pick your poison.  If rates move lower, there is a very good chance that the economy is slowing and the housing market will struggle.  If rates move higher, the economy may be stronger, but the higher rates will hurt the […]

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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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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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Take a bite

At what point will higher mortgage rates take a bite out of residential real estate prices?  By looking at a few charts, you will notice that it may already be happening.  Here is a quick look at the trend in mortgage rates over the past five years.  The 30-year conforming mortgage rate as per Freddie […]

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Cooling process

A cooling process is underway in the South Florida residential real estate market.  Prices are stretched and buyers are finally taking notice.  It has been ten years since the housing bust and some of the same behavior is present in the market today.  Let’s look at a few charts. Condos cooling off? During the month […]

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