40% Or More Of Homes Sold Are Foreclosures Or Distressed Properties!
August 26, 2008
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
Hurricane Gustav: Hey Fort Lauderdale, We Go Again!
August 25, 2008
Tropical Storm
Fort Lauderdale Homes : Absorption Rate Indicates 23 Months Of Inventory
August 23, 2008
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”.
Tropical Storm Fay To Impact Fort Lauderdale Real Estate Market
August 17, 2008
Residents in the Fort Lauderdale real estate market and those looking to close on a purchase in the next few days are going to have to keep a close eye on Tropical Storm Fay. Currently just a tropical storm, Fay is forecast to emerge over the open waters of the after passing Cuba and has the potential of strengthening into a hurricane. Read more
Homebuyers Don’t Need The Fort Lauderdale MLS
August 16, 2008
Fort Lauderdale real estate buyers don’t need the Fort Lauderdale MLS. The MLS is an outdated tool that those looking for homes in Fort Lauderdale can’t access anyway. So why would any prospective home buyer be worried about the MLS?
Do You Know What The Closing Costs Will Be Associated With The Purchase Of Your New Home?
August 12, 2008
Closing costs are those fees and expenses associated with the final transaction (the closing) when you buy or sell a home. Some of the expenses are allocated to the buyer and some are allocated to the seller. All of the expenses must be signed off on and approved as evidenced by both parties signatures on the HUD-1 Settlement sheet. Also called the HUD Statement or the Net Sheet.
Fort Lauderdale News | Friday Night Lights An Issue
August 11, 2008
Lighting On Cardinal Gibbons High School Football Field At Issue. From the “Give Me A Break” department, neighbors of the high school located in the well to do Coral Ridge Country Club neighborhood of Fort Lauderdale are complaining about the light towers surrounding the gridiron. Read more
Why Do Buyers Need Title Insurance When They Buy Homes In Fort Lauderdale?
August 10, 2008
It has been well documented that buyers acquiring homes in Fort Lauderdale will more than likely be making their single largest investment in their lifetime. Therefore it is very important that your investment in a home is protected against any potential defects in the title conveyed to you. A defect in the conveyance of title could cause you to lose your home.
Housing and Economic Recovery Act of 2008 May Help First Time Homebuyers In The Fort Lauderdale Real Estate Market
August 6, 2008
First time homebuyers may be aided by one of the provisions of the new Housing and Economic Recovery Act of 2008, signed into law by President Bush on July 30, 2008. The new law which takes effect in October, allows first time homebuyers a tax credit for purchasing a Fort Lauderdale home. The tax credit is available to qualified first time homebuyers. A first time homebuyer is anyone who has not owned any property in the past 3 years.
Mayor Of Fort Lauderdale On Fort Lauderdale Real Estate Radio
August 4, 2008
On the inaugural voyage of Fort Lauderdale Real Estate Radio we kicked off South Florida’s only talk radio show specifically about real estate and life in our “Venice of America”. Jim Naugle, Mayor of the City of Fort Lauderdale, speaks about how the City has changed in his record six terms as mayor. He also speaks about all the city has to offer, and where he thinks Fort Lauderdale is headed. Naugle is the longest serving Mayor in the history of Fort Lauderdale.
