Residential Property

Winds of change

Winds of change are blowing through the South Florida residential real estate market.  As we move through 2018 it appears that transaction volume is declining.  After several months of slower sales volume, you will typically start to see price declines.  Local real estate agents are usually slow to see the change in the market and […]

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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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Line in the sand

The South Florida condo market appears to be crossing a crucial line in the sand.  During the month of February, the number of condos listed for sale reached 31,137.  That surpassed the recent high of 31,055 condos listed for sale in February of 2017.  Prior to that, we have to look back to June of […]

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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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Deal or no deal?

Deal volume appears to be on the decline in the South Florida residential real estate market.  This could be seasonal, but it may also be due to higher rates finally having an impact.  The process of interest rate normalization may result in some real estate market changes, so you may want to prepare yourself.  Our […]

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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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    Fort Lauderdale, FL 33305

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