Tag Archives: short sale

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

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 […]

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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

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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Market pulse – South Florida real estate deal volume, inventory, prices & distressed property update

It’s time to check the market pulse in South Florida real estate.  Today we are going to look at a few charts including deal volume, available inventory, median sale prices and a few good snapshots of the distressed property market. Market Pulse – Deal Volume A few months ago were were afraid that deal volume […]

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Housing market update – Greater Fort Lauderdale area

Last week we focused our attention on the condo market and today we will drill down on the housing market for the Greater Fort Lauderdale area.  We will show a few charts to provide an update on median sale prices, transaction types, inventory, foreclosures and distressed sales.  Let’s get moving! Housing market – Median sale […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Market Insight, Single-family homes, South Florida Real Estate | Also tagged , , | Leave a comment

Mortgage foreclosure activity in South Florida

The trend in South Florida mortgage foreclosure filings so far in 2016 appears to be moving higher.  We have repeatedly discussed how keeping rates too low for too long will eventually have consequences. Real estate prices may have been propped-up temporarily, but the underlying problems in the market remain.  Here are a few charts of […]

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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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Available inventory of houses grinds higher in the Greater Fort Lauderdale market. Is the Fed-induced rally over?

If you have been getting excited about the value of your house appreciating over the past few years, don’t send your thank-you cards to the federal reserve just yet.  By looking at the gradual rise in available inventory for sale, the sugar high may be fading and it may just leave everyone with another headache. […]

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South Florida’s recent real estate market “recovery” appears to have slowed over the summer

By looking at our charts of average sale prices, it sure looks like May was the market top in residential real estate prices in Broward County, Florida.  We will look at the tri-county data over the next few days, but here is a quick look at house & condo sales in Broward. In the month […]

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