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 […]
Tag Archives: Fort Lauderdale condo market
Has the condo correction already started?
Posted in Condo market, Fort Lauderdale real estate, Market Insight
Also tagged condo correction, condo market, condo prices, Fort Lauderdale real estate
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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 […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate
Also tagged Fort Lauderdale real estate, housing bubble, mortgage rates
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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 […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight, Single-family homes
Also tagged Fort Lauderdale foreclosures, Fort Lauderdale housing market
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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 […]
Posted in Fort Lauderdale real estate, Market Insight, Mortgage rates
Also tagged Fort Lauderdale homes, housing bubble, mortgage rates
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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 […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate
Also tagged Fort Lauderdale housing market, Fort Lauderdale real estate, housing bubble
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Late cycle behavior
Late cycle behavior is back in the South Florida residential market. For the last decade it appeared as if this slow grind higher in prices would not abate. There is evidence of peaking residential prices in the South Florida market and a reversale might be right around the corner. today we will highlight some of […]
Posted in Fort Lauderdale foreclosures, Fort Lauderdale real estate
Also tagged Fort Lauderdale foreclosures, Fort Lauderdale real estate
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Greater Fort Lauderdale area market observations
After some storm-related data volatility, it is a good time to discuss a few of our market observations for the Greater Fort Lauderdale residential real estate market. Today we will discuss trends in transaction volume, sale prices, existing inventory and foreclosure activity. At first glance, it appears that storm activity impacted sales volume, foreclosure filings […]
Condo market drill down
The South Florida condo market has experienced a boom, bust and is now in the “yet to be determined” phase. Today we are going to drill down into the existing inventory, deal volume, transaction types and the condo foreclosure market in the Greater Fort Lauderdale area. Let’s get this party started: Condo Market Inventory If […]
Reading beyond the headlines in the South Florida property market
It is often very difficult to get an accurate assessment of the local real estate market. The newspapers and various trade groups almost always attempt spin the data to provide support and confidence to the market even when it is in decline. We believe that the current debt cycle has matured and the South Florida real […]
Why is real estate transaction volume dropping when mortgage rates are still so low?
How is transaction volume dropping when mortgage rates are so low? We have been charting the transaction volume throughout South Florida and today we will look at the sale of houses and condo properties in the Greater Fort Lauderdale / Broward County residential real estate market. Transaction volume in Broward County Our first chart today […]
