The total number of single-family home and condominium listings that pended in Broward County during January were up 32 percent compared to January 2011, according to data from the Miami Association of Realtors. Broken down, the total number of single-family home sales that pended increased 50.4 percent, with condo sales up 20.5 percent in the [...]
Fort Lauderdale Real Estate News
March 1, 2012
Broward pending home sales jump 32 percent
February 28, 2012
Fort Lauderdale leads national inventory decline
The streak of declining inventories of homes listed for sale nationwide continues into its eighth month. Inventories in January fell 6.6 percent to 1.77 million last month from December 2011, the Wall Street Journal reported from a Realtor.com tally. The largest year-over-year decline occurred in Fort Lauderdale in January. That city saw a 55 percent drop. [...]
February 24, 2012
Broward home prices rise 7 percent
The median sales price of both condominiums and single-family homes in Broward County rose 7 percent in January compared to the same period in 2011, according to data from the Miami Association of Realtors. Single-family home sales in the county jumped 15 percent, while condominium sales fell 16 percent in the same period. “The Broward [...]
February 22, 2012
January Home Sales Up Again
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. [...]
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 [...]