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

Residential Real Estate Archives

Condo market takes center stage in South Florida

Residents of South Florida have no doubt seen firsthand by now the land development rush in the area. Residential development, in particular, has been seeing quite a jump over the last several months. Many market watchers across the country have taken notice of the winning streak that residential property in South Florida has been experiencing, and one article recently focused on the prospects of the local condo market.

Darker clouds on the horizon? Housing bubble concerns rising

Most of our previous posts for some time now have focused on all of the good news associated with the South Florida real estate market. Home values have been rising consistently, residential development is firmly underway and residential property in the area seems like it has never been hotter. However, many of our previous posts have also commented on the possibility of the housing recovery picking up too much steam, leading to more problems in the future - possibly the near-future. A recent article in the Sun Sentinel sounded those same alarm bells.

Floridians still dealing with a high rate of foreclosures

Although residents of South Florida are probably getting used to seeing mostly positive headlines when it comes to the real estate market, it can be easy to forget that Florida residents statewide are still having a lot of problems with banks and lenders. With year after year of signs of only a tepid economic recovery, making the mortgage payment is still the hardest part of daily life for millions of Americans, including many in Florida. And, according to a recent report, January of 2013 marked the fifth month in a row in which Florida led the nation in the foreclosure rate.

Did you attend a real estate closing in 2012? Thousands did.

How long is it going to take for the housing market to recover? This is a question that millions of homeowners across the country have been asking themselves for years now. But our regular South Florida readers know that the local area has seen a substantial improvement in the residential real estate market, especially in the last year. So, while large swaths of the country continue to plod through a mediocre-to-poor housing market, South Florida has seen recent expansion plans for land development due to the hot housing rebound.

South Florida distressed property inventory decreases

While many of our South Florida readers may have noticed the uptick in residential development in the local area, some may not know that existing inventory is also a hot commodity - even distressed properties. A recent article detailed how the inventory of residential property which has been foreclosed on or for another reason had a depressed value or price has decreased markedly over the last few months. This could be good news for those in the market to sell, as fewer distressed properties on the market could translate into an increase in property value for everyone.

Do you know how hot residential real estate is in South Florida?

Any of our South Florida readers who are familiar with previous posts here probably know that the local area has been quite a hotspot for real estate in recent months. Residential property values are growing, and sales have started to pick up as well. However, even if our readers consider this old news, they may not have a full grasp of just how nicely the real estate recovery has taken hold in South Florida. But, a recent report has certainly provided the right context.

Will a rise in home prices affect your real estate closing?

The new year has brought some good news for the housing market, and not just in South Florida. According to a recent report on residential real estate, single-family home prices are continuing their upward trajectory across the country.

Individual South Florida communities seeing big price bounces

Although previous posts here have covered the rebounding South Florida real estate market extensively, it appears that even though the area at large is a hot market, individual areas are doing better than some others. And with the inventory of residential real estate beginning to shrink dramatically, the price increases may continue.

More data suggests South Florida real estate is still hot

Most of our regular South Florida readers have probably seen plenty of our previous posts extolling the positive aspects of the area's real estate market. Residential property has been selling fast in South Florida, and it has been selling at increasingly higher prices. Now, recent data is suggesting that this trend is continuing, but another one is emerging - tightening inventory.

How long will the South Florida real estate hot streak last?

Although the good data on the South Florida real estate market has been coming for months, there have been no estimates about how long the hot streak will last. That changed recently, however, when a report was issued estimating that residential real estate prices will continue to climb all the way through 2013.

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