Tag Archives: distressed property

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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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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Hanging around

The Counting Crows had a cool song years ago titled “hanging around”.  It had a great beat and reminds me of a few market conditions lately.  Today we will highlight a couple of our charts that may be worth monitoring and will help you determine if the real estate market recovery is for real. Rates […]

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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 […]

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Mortgage foreclosure filings are on the rise again in South Florida

To quote Yogi Berra:  “It’s like deja vu all over again.”   Monthly foreclosure filings are climbing in South Florida once again.  Years of artificially low interest rates have propelled prices higher, but there is still a large overhang of distressed properties.  Merely reflating real estate prices will not create a sustainable recovery.  Let’s take a […]

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Check out our latest South Florida real estate market outlook

With almost one quarter of 2016 in the books already, we are monitoring the changes in South Florida real estate transaction volume, inventory and sale prices.  Asset classes across the board including stocks, bonds, real estate have been propped-up by easy from the Fed and the air pocket beneath them will eventually deflate. Residential Inventory […]

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Fort Lauderdale real estate – Up, Down & Sideways

What’s going up, what’s going down and what’s going sideways in the Greater Fort Lauderdale area real estate market ?  We will use a few simple charts to illustrate the current market conditions.  First, what’s going up?   Condo inventory is up to multi-year highs.  During the month of February, the existing inventory of condo properties […]

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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 […]

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Greater Fort Lauderdale real estate market: Meet the new foreclosures, same as the old foreclosures.

After taking a break from charting the existing foreclosure inventory in South Florida, we put on our optimist hat and figured that maybe there would be a significant decline in foreclosure inventory.  Once we conducted our city by city tabulation, we were shocked to see that the number of residential properties in the foreclosure process […]

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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 […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Miami foreclosures, Palm Beach foreclosures, Shadow Inventory, South Florida Real Estate | Also tagged , , , | Leave a comment
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