Existing-home sales rose in January for the third time in the past four months, according to a release from the National Association of Realtors (NAR), and inventory also fell the same month. Total existing-home sales increased 4.3 percent compared to the previous month of December and 0.7 percent compared a year ago in January 2011. [...]
Fort Lauderdale Real Estate News
February 22, 2012
January Home Sales Up Again
January 31, 2012
What Does Warren Buffet Think About Buying A Home?
by The KCM Crew on January 30, 2012 Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business agendas at times. That makes it very [...]
January 25, 2012
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
By: Krista Franks, DSN.com Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is [...]
January 24, 2012
Broward housing inventory down 35 percent
The number of residential listings in Broward County fell by 35 percent in 2011, according to data from the Miami Association of Realtors. There are a total of 12,997 current residential listings in the county, down from 19,899 in 2010. In December, total inventory fell 2.4 percent compared to November. “The residential housing market has [...]
January 23, 2012
Rise in Home Sales Signifies Strengthening Market: Economists
By: Krista Franks, DSNews.com The long-awaited housing recovery is beginning to blossom, according to industry experts taking a look at recent existing-home sales. While admitting home sales “are still very low,” Paul Dales, chief economist at Capital Economics, says “it is clear that housing recovery is now well underway.” The evidence: home sales have been [...]
January 19, 2012
Housing May Turn the Corner in 2012: CoreLogic
DSNews.com By: Carrie Bay CoreLogic’schief economist Mark Fleming says housing statistics and the duration of the downturn to date indicate 2012 may be the year the housing market begins to turn the corner.In the first release of CoreLogic’s new MarketPulse newsletter Wednesday, Fleming explained his rationale for such an assessment. He notes that housing [...]
January 13, 2012
Foreclosure wait time drags to 806 days in Florida
By Kimberly Miller Palm Beach Post Staff Writer A foreclosure filed today in Florida will linger in the courts until March 28, 2014, before the bank takes possession, a timeline that has increased 40 percent in the past year. RealtyTrac analysts, who released new foreclosure data today in a 2011 year-end report, blame the [...]
January 9, 2012
Home Prices Down in 2011, but Market Stability Forecast for 2012
While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital. Should the valuation company’s predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital [...]
January 6, 2012
South Florida residential inventory
Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. — Adam Fusfeld
January 4, 2012
Florida Housing Predictor 2012
The Housinf Predictor Racked by the devastating foreclosure crisis, Florida ranks third in the U.S. in mortgages that are being formally repossessed by banks. Home and condo values are declining in the over-whelming majority of the Sunshine State, despite an increase in sales. But Miami is a major exception to the deescalating market. International buyers [...]