Tag Archives: Miami condo market

Just waiting on the buyers…..

There are plenty of condos available in South Florida, they are just waiting on buyers to emerge.  The current inventory from Miami to Palm Beach has reached a level we haven’t seen since we emerged from the housing crisis.  In February there were 32,578 condos available for sale.  This is the highest inventory since June […]

Posted in Condo market, South Florida Real Estate | Also tagged , , | Comments closed

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, […]

Posted in Fort Lauderdale real estate, Market Insight, Miami real estate, Mortgage rates, Palm Beach real estate, South Florida Real Estate | Also tagged , , , , | Comments closed

Do your homework

Make sure you do your homework if you are considering any real estate investments at this point in the cycle.  The market has shifted and most real estate agents either don’t know, or just don’t want you to know.  That’s why it is important for your to conduct your own due diligence rather than leaving […]

Posted in Fort Lauderdale real estate, Miami real estate, South Florida Real Estate | Also tagged , , , | Comments closed

Price action – going nowhere fast

Price action hit a wall in the South Florida residential market.  Today we will look at the median sale prices of single-family homes and condos in Miami, Fort Lauderdale, Boca Raton and surrounding areas. Existing home sales  on a national level look like they are exhausted as well.   South Florida was ground zero during the last […]

Posted in Condo market, Fort Lauderdale foreclosures, Miami foreclosures, Palm Beach foreclosures, Single-family homes, South Florida Real Estate | Also tagged , , | Comments closed

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 […]

Posted in Market Insight, Property Renovations, South Florida Real Estate | Also tagged , , , , , , | Comments closed

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 […]

Posted in Foreclosure activity, Market Insight, South Florida Real Estate | Also tagged , , , , , , | Leave a comment

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 […]

Posted in Foreclosure activity, Market Insight, South Florida Real Estate | Also tagged , , , | Leave a comment

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 […]

Posted in Mortgage rates, South Florida Real Estate | Also tagged , , , | Leave a comment

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 […]

Posted in Market Insight, South Florida Real Estate | Also tagged , , , , | Leave a comment

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
  • Meet the Broker
  • Commercial Listings
  • Residential Listings
  • Allied Realty Group, Inc
    2550 North Federal Highway
    Suite 200
    Fort Lauderdale, FL 33305

    Phone: 954-586-8400
    Fax: 954-586-8410
    Email: Contact Us