If you are a Broward County resident who is familiar with our previous posts, then you know that the residential real estate market in South Florida is getting pretty hot compared to recent years. Many previous posts have noted how the overall negative real estate...
Year: 2012
Struggling Florida homeowners may get relief from Bank of America
While we have frequently discussed the recent upward trend of the South Florida real estate market, it is important to remember that, while the picture in some cases may be improving, many homeowners are still struggling. Florida was one of the hardest hit states...
March foreclosure numbers reviewed, market remains muddled
Most of the real estate news that South Florida residents hear these days is good, but that is not the case throughout the rest of the nation. Banks are continuing with foreclosure proceedings in many areas, as the real estate markets remain depressed. Many recent...
South Florida is once again an exception to national trends
Broward County residents thinking of entering the residential real estate market have probably heard about home prices dropping throughout the nation in February, the latest month for which numbers have been reported. February marked the sixth straight month of home...
More positive real estate data — building permit requests rise
The good news for the South Florida real estate market continues. Recent reports from the Commerce Department revealed that single-family home and apartment builders throughout the country requested 747,000 building permits in March, the highest rate seen since...
The beginnings of a commercial real estate rebound in Florida?
The glut of vacant commercial real estate during the nation's recent economic downturn was arguably just as troubling as residential foreclosures. Development deals stalled, and office buildings sat vacant with no tenants. But now it appears that South Florida may be...
What does ‘shadow inventory’ mean for Florida buyers?
South Florida residents may have heard the term "shadow inventory" creeping into conversations more frequently in recent months. The term refers to the foreclosed homes that remain on the real estate market to be sold at a discounted price. Shadow inventory is good...
How should Broward County residents prepare to buy real estate?
As we've discussed previously, there are many indicators that residential real estate in South Florida -- and specifically in Broward County -- is beginning to surge forward while the rest of the country's housing market slowly bottoms out and recovers. In light of...
Residential property in Florida: Strike while it’s hot
Previous posts on this blog have noted the sense of a generally improving real estate market in the nation, and especially in Florida. Recent data indicates that Broward County in particular, and South Florida overall, may be at the starting gates of what could turn...
Florida courts overwhelmed by foreclosure filings
Recent statistics show that Florida has quite a logjam on its hands due to foreclosure filings. The count includes approximately 44,000 cases in Broward County alone, according to the Office of the State Courts Administrator. Of those mortgages backed by Freddie Mac...