Tag Archives: REO

About our blog

I remember visiting some friends in Southern California during the last housing boom.  I played golf with different groups over a one-week period and it seemed like everything in the economy was hitting on all cylinders.  Almost everyone I met was a mortgage broker or real estate agent.  This was probably around 2005-2006 and there […]

Posted in About the blog, South Florida Real Estate | Also tagged , | Comments closed

The big unwind

A big unwind is on the horizon.  Although the low rates and easy money helped propel the real estate markets to new highs, it is important to maintain some perspective on how these levels were reached.  There has been lots of market manipulation “tools” in order to create this latest bubble, so don’t expect it […]

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

Going vertical

The chart of foreclosure filings in Miami is going vertical.  For the past several years we have seen condo towers going vertical across the city skyline without any concern for poor fundamentals in the residential real estate market.  Ten years after the last housing crash and South Florida appears to have some  issues piling-up once […]

Posted in Foreclosure activity, Miami foreclosures, Miami real estate | Also tagged , , | Comments closed

If it all falls down

What will happen if it all falls down?   I guess the housing “recovery” has been fun, but it looks like transaction volume continues to decline.  Today we will look at the Greater Fort Lauderdale / Broward County Florida residential real estate market.  The average monthly transaction volume has been declining since peaking in 2015. As […]

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

Delinquent mortgages loans are still a problem the South Florida residential market

Delinquent mortgage loans continue to be a problem for the South Florida residential real estate market.  As we move through 2018, it sure looks like mortgage foreclosure filings are picking up steam.  For some reason local agents fail to mention the amount of distressed properties that continue to plague the South Florida market.  They like […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Market Insight, Miami foreclosures, Palm Beach foreclosures, Shadow Inventory | Also tagged , | Comments closed

Knocking on the door

The 10-year bond is knocking on the door to 3% again.   We made a run back in February and it failed. Why is this important?  Because mortgage rates closely track the 10-year bond and if rates rise, prices drop.  It’s just basic math and most people forget that rates have been so low for so […]

Posted in Foreclosure activity, Market Insight, 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

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 […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Market Insight, South Florida Real Estate | Also tagged , | Comments closed

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 […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Market Insight, Miami foreclosures, Palm Beach foreclosures, Shadow Inventory, South Florida Real Estate | Also tagged , , , | Comments closed

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 […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Shadow Inventory, South Florida Real Estate | Also tagged , | Comments closed
  • 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