Market Stats for June 2017 – Broward County – Single Family Homes and Condominiums Prices for homes and condos in Broward County are up YTY for June, while closed sales are down. We attribute the lower number of sales to tight inventory along with quality issues. Backing up this theory is the slight decline in…
My Market Insider provides a wealth of information that will help you better understand the factors that impact the real estate market. Consider this page your reference library for resources, tips, and techniques. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. Gain…
Conventional wisdom has it that when you sell, and might buy in the same market, you’ll be buying in the same market conditions as well. You’d be mostly right, but not always. It pays to have a grasp of what’s happening in different segments of the market and take advantage when conditions are right. At…
From the website Wallet Hub: The financial website rated 150 U.S. cities on affordability, health care, activities and quality of life. Of 11 Fla. cities in the study, all ranked above average. According to WalletHub, its analysts compared the affordability, quality of life, health care and availability of recreational activities in the 150 largest U.S….
At Keller Williams we pride ourselves on watching the market very carefully to be able to advise our clients to the best of our ability. To that end I’ve been examining the economic outlook for Broward County and its impact on both our residential and commercial real estate market. Demand and rents soar Growing payroll…
The Florida Association of Realtors posted an interesting article yesterday about the number of sales that are cash transactions and how Florida is leading the nation in cash sales. http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=296212 Some of the more interesting statistics from the article: Florida led the nation last month with what one expert called an “astounding” rate…
From my monthly report from Credit Suisse and their survey of real estate agents nationwide on what they’re seeing in the marketplace, another solid indicator of how quickly the market has turned around. Traffic levels exceeded agents’ expectations in the region during the month of May, and 88% of agents reported that home prices increased…
With so much talk in the news about the Shadow Inventory of homes I wanted to take a moment to look at the data to see if the hype is living up to reality. What we’re seeing is that the states that were hardest hit by the foreclosure crisis, namely Florida in particular, actually worked…
Even though asking home prices rose 7.0% in the last year, outpacing rent increases of 3.2%, the gap between buying and renting has narrowed only slightly. One year ago, buying was 46% cheaper than renting. Today’s it’s 44% cheaper to buy versus rent. In fact, homeownership is cheaper than renting in all of America’s 100…
Buyer traffic in September appears to have worsened as the index of Realtor Activity slid further to its lowest point since last December. Even the investor demand that has carried the market recently appeared to fizzle, judging by the comments from agents, while traditional buyers remain frozen by a lack of confidence and inability to…