Does Searching For A Bargain On Your Next Home Purchase Make You A Bottom-Fisher?
So…it seems that foreclosures and shorts sales along with other distressed properties seem to be driving the market here in the Fort Lauderdale real estate area. Likely if you are searching for a home in the Fort Lauderdale area you are more often than not looking for the best deal that you can find…right? So does that make you a bottom-fisher?
“Miami Is America’s Worst City To Be A Sports Fan”
Wait A Minute…You Can’t Insult Our Sports Teams That Way, Or Can You?
Recently Forbes Magazine has dubbed Miami the “Worst City In America For Sports Fans”. Now just hold on there. We may cry and moan about a lot of things about our local sports teams. We may dream of the next Dan Marino, we may long for Shaq to be rumbling up and down the hardwood and we may lament that the dismantling of the World Champion Marlins was a slap in the face, and we may wonder if “The U” is ever going to regain national prominence and we may even complain about the super high ticket prices, but does that mean we live in the worst place to be a sports fan?
Listen, when you guys are shoveling snow in Lambeau Field in December to watch the Packers, we’re sipping Mojitos in flip flops! You can’t beat that! And if we want to watch a baseball game in the heat of a pennant race, we can sit anywhere we want in the stadium.
Forbes says that with a $38,632 median household income for the greater Miami area, which is woefully the fifth-lowest of the 29 markets, coupled with a $292.50 price tag for a family of four to see a game, Miami is the worst economic deal for sports fans anywhere. Read more
Will BankUnited’s Financial Trouble Impact The Fort Lauderdale Real Estate Market?
BankUnited, a Coral Gables, Florida based bank has been told by Federal regulators to raise additional reserves or face the loss of borrowing power. Federal regulators say they will downgrade BankUnited’s capitalization rating unless the bank raises $400 million. This mandate, if not followed, could restrict the borrowing capabilities of Florida’s largest bank.
The Top 10 Reasons You’re Not Getting Any Offers On Your Fort Lauderdale Real Estate Home
Have you asked yourself why you’re not getting any offers on your Fort Lauderdale real estate home or condo? Well the answer is really pretty simple. Either you as the Seller are not doing what your agent advised you to do, or your agent either does not know what to do in order to get your home sold. I don’t like to mince words. I like the direct route. It may not be popular, but it’s the truth.
40% Or More Of Homes Sold Are Foreclosures Or Distressed Properties!
These so-called distressed sales helped depress home values across the country, feeding into a downdraft that is making it increasingly difficult for many Americans to sell their homes for more than they paid. This “upside-down” phenomenon is being felt by many homeowners who now find that because of declining values their homes are now worth a lot less than they owe on them.
Nationally, prices of previously owned homes were 7.1 percent lower in July than a year earlier, the NAR reported on Monday, with the median value falling to $212,400, from $215,100 in June.
And there were signs that prices would continue to spiral downward for months to come. The number of homes and apartments for sale jumped 3.9 percent in July, adding to the supply glut that has bedeviled the housing market for months.
“It’s cold comfort to know that the banks are succeeding on selling their houses at prices that are pretty breathtaking,†Read more
Whaddya know? Pricing Your Fort Lauderdale Home Or Condo Right Actually Does Work!
While there may indeed be that speck of white light in the tunnel, I would not go out and make plans to celebrate just yet. Based upon numbers released yesterday from the Florida Association of Realtors the sales of existing homes increased in the Fort Lauderdale real estate market and throughout Broward County by 4 percent in July.
Hurricane Gustav: Hey Fort Lauderdale, We Go Again!
Tropical Storm
Fort Lauderdale Homes : Absorption Rate Indicates 23 Months Of Inventory
If you are looking to buy a home in the Fort Lauderdale real estate market or if you are looking to sell a Fort Lauderdale home, there is a key stat that either party should avail themselves of. That stat is called the “absorption rate”.
Fannie Mae And Freddie Mac Bailout Does NOT Include Stockholders!
So let’s get this right. Fannie and Freddie are the benefactors of what is arguably the biggest governmental bailout of all time, but the folks who took stock in these companies and actually invested in these mortgage behemoths, have no place to sit when the music stops. That hardly seems fair. No, forget about fair, it’s flat out insultingly wrong! Read more