Fort Lauderdale News

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 [...]

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, [...]

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.

[flv:http://www.realestateradiousa.com/videos/olick.flv 300 250] While actual home sales may have had a modest gain this past month, the gain was bittersweet as it is attributed to the declining prices in many markets across the USA.At least a 40% or more of the homes sold nationally last month involved foreclosed homes snapped up at bargain-basement prices or [...]

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 [...]

[flv:http://www.realestateradiousa.com/videos/gustav.flv 300 250] Tropical Storm Hurricane Gustav, the seventh named storm of the 2008 hurricane season, emerged in the Caribbean south of Haiti on Monday afternoon, and it was rapidly gaining strength.

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”.

[flv:http://www.realestateradiousa.com/videos/fortune.flv 300 250] 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 [...]

Delayed a couple of days by Tropical Storm Fay, class is now in session as students across the Fort Lauderdale real estate market and throughout Broward County made their way to the first day of the school year. Over 250,000 students in the Metropolitan Fort Lauderdale returned to school today. Many on the nearly 12,000 [...]

In 1976, I was a high school sophomore who was allowed to attend my first concert. What a concert it was. 30+ years later I remember that night as if it was last night. I remember the drive to the arena. I remember walking into the huge abyss of the halll and looking down from [...]