Law Office of Kimberly A. Abrams & Associates, P.A.

October 2012 Archives

Inventory down, prices up - looks like seller's market is coming

A recent headline from the South Florida area may not come as much of a surprise to our regular readers. According to the reports, the inventory for residential homes throughout the South Florida area was down approximately 34 percent this September, when compared to September of 2011.

Investment group looks to big residential development in Florida

As interest in the South Florida housing markets continues to ramp up, news has come out that an investment group may be looking to make some substantial purchases in the area. According to the report, Vulcan Investment Partners LLC will purchase approximately 1,200 homes in the South Florida region - homes which were either repossessed or foreclosed on. The residential property purchases could total up to $150 million.

Condos looking to surge as residential development heats up

Even as recent numbers are indicating that the national housing market may be coming back to life, more activity continues in South Florida. Plenty of our previous posts have detailed how the South Florida area is an unusually hot spot among an otherwise downtrodden national real estate market, but it looks like the local area may be in line to get even hotter. According to reports, there are numerous condo construction plans being drawn up, which could have a significant impact on residential real estate in Broward County and the surrounding counties.

Florida housing transactions may signal national recovery

South Florida residents who are familiar with many of our previous posts know that the housing market news for Broward County and surrounding areas has been particular good for the last several months. Home values are rising, along with monthly sales figures. The South Florida area, however, is blessed with many wonderful features, including an almost always sunny weather forecast, beautiful ocean scenery and proximity to some of the hottest entertainment centers in the United States. The rest of the country does not have the good fortune to have these qualities. So, is residential real estate only hot in South Florida, or is the rest of the country beginning to heat up?

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