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

Residential Real Estate Archives

Assessing the future of the housing market in 2017

The new year is here and many of our readers will be making one of the biggest financial moves they'll ever make in 2017: buying or selling a home. There is no doubt that buying or selling a home can be a turning point in the lives of South Florida residents, but it can be a complicated transaction. People who are looking into making this move in the new year will likely want to know what the housing market has in store for 2017.

The ups and downs of residential real estate in South Florida

Our readers in South Florida are probably getting used to seeing mixed reports regarding the local real estate market by now. The almost unprecedentedly strong rebound of the residential real estate market that has been occurring over the last several years appears to be cooling down. Fortunately, not all of the news is bad throughout Florida.

What should South Florida residents know about selling a home?

Although previous posts here have pointed out that the residential real estate market in South Florida has been slanted in favor of sellers in recent years, it has become clear that the market is beginning to balance out. For some people, that means that the time is now to put their residential property on the market for sale. So, what should South Florida residents know about selling a home?

Conflicting data in the latest residential real estate reports

Many real estate experts in South Florida are keeping a close eye on a number of indicators that may help them to decipher where the market is headed over the course of the next couple of months. Among the many factors, there are few that are obvious: the number of sales and the median sales price. According to a recent report, those two figures presented conflicting data for the month of October.

Residential development may be reaching a tipping point

There are always going to be ups and downs in any real estate market, but the markets in Florida have perhaps seen fluctuation like no other state in the last several years. As swaths of the state still feel the heavy effects of the housing bubble burst, the local area in South Florida has actually roared back in many ways. Yes, commercial real estate continues to lag behind residential real estate, but development has become a constant in South Florida over the last few years. However, that may be changing.

Key terms in real estate agreements for a purchase

For many people, reaching the point where a residential real estate purchase is going to occur can be an exciting time. But, it can also be a time to focus on even the smallest of details, because the failure to do so could have serious repercussions down the road. For buyers in South Florida, well before getting ready to put pen to paper is the time to start thinking about the key terms in a real estate agreement for residential property.

Will the South Florida real estate market change this autumn?

Our readers know that the South Florida area obviously doesn't experience the change in the seasons that most of the rest of the country goes through. However, that doesn't mean that there aren't some changes that take place when the calendar rolls over into autumn. For the rest of the country, there are some changes that occur in the residential real estate market once the so-called summer buying season dies down. So, will the South Florida real estate market see any changes this autumn?

Steadiness in the South Florida residential real estate market

Recent posts here have covered the reports that there are some changes coming to the South Florida residential real estate market. In some areas sales prices are decreasing for residential property as inventory continues to build. In others, the residential development of condo towers is having an impact on the per-square-foot value of condo units. But, even though the South Florida area is starting to see some change in the real estate market, these indicators don't have to necessarily be viewed as factors in a "downturn."

More signs of a stalling residential property market?

A recent post here covered a report that the condo part of the residential real estate market in South Florida has seen at least some signs of slowing down. As always, that kind of news is, in general, good news for potential buyers and bad news for sellers. Now, another report has come out that could be a negative for another sector of the residential property market.

The first sign of a shift for South Florida residential property

Many real estate experts - and many among our readers - have been looking for signs that the residential real estate market in South Florida is beginning to cool down. For the last few years, those signs have been hard to come by. Residential development, particularly condo development, has been quite steady in the South Florida market. However, a recent report noted a factor that hasn't been seen in five years: the resale prices for condos in the local area have fallen.

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