Tag Archives: Florida REO

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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Let’s wait and see

Let’s wait and see how a variety of factors shape the real estate market as we finish 2017 and move into 2018.  Today we will discuss a few of them. Wait and see if rates rise We are now in the 8th year of the so-called “economic recovery” and the 10-year treasury rate remains below […]

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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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Are recent sales declines in South Florida storm related or something more?

South Florida residential sales have been on the decline in the past few months, so it may be difficult to blame the storms.   Although transaction volume declined sharply in September, it appears that cracks in the market started in July.  One month does not make a trend, but three months may be an indicator of […]

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Changes in attitudes around the lower latitudes

Jimmy Buffet had a great song entitled “Changes in latitudes, changes in attitudes” and that is the theme of our post today.  Market sentiment often shifts several months (or longer) prior to any price correction and most individuals may not see the shift until long after a cycle turns.  During the last housing crisis, most […]

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

Stall speed

Stall speed is the slowest speed a plane can fly to maintain level flight.  That sounds a lot like the state of our economy and the bond market is well aware.  After the November election we saw a noticeable jump in 10-year bond yields and mortgage rates, but halfway through 2017, they simply don’t believe […]

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Monitoring the distressed property market in Miami-Dade County, Florida

We always tell our readers that one month does not make a trend, so to help everyone see patterns developing in the markets, we have added a trend line to our charts of new foreclosure filings.  Let’s take a look at the total of new filings for Miami-Dade County.   In June there were 3,934 […]

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A quick look at the distressed property market in Palm Beach County, Florida

We have a few good charts that will provide some insight to the distressed residential real estate market in Palm Beach County, Florida.  Our first chart shows the total number of residential foreclosure filings and the black line is the trend.  Although Palm Beach County has fared better than Miami-Dade and Broward County, you will […]

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