- Cheaper to buy than rent in most metro markets - 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… Continue Reading
- Good Morning HIM-Magazine Readers - Continue Reading
- Listing: 1160 N Federal Highway, unit 624 - Sold and closed! Two Bedrooms Two Baths Parking space included List Price $235,000 Available furnished $255,000 Assessments: $574 2012 Taxes: $1,723 Amazingly well located condo just off Federal Highway and Sunrise in Fort Lauderdale. Building is located directly on the Intra-Coastal Waterway. 6th floor unit features spacious balcony overlooking the Ft Lauderdale… Continue Reading
- Low down-payment options for condos very limited in South Florida - It’s a common question during the first interview with buyers who may be seeking a condominium here in South Florida: “So do you have a 25% – 30% down payment for your purchase?” It seems to be lost on home sellers during the current frenzy of activity that is fueled by investors and foreign… Continue Reading
- What a year in the car biz has taught me - After moving to South Florida from Chicago just about two years ago, I of course jumped both feet into the real estate business in Fort Lauderdale. But whether I was uncomfortable with the local customs, or my unfamiliarity with the marketplace, or even perhaps just because entering a new marketplace was a daunting task,… Continue Reading
- Ah–Florida Problems - I know- I am singing “OH SANDY” from Grease every time that I hear the name and the fact of the matter is that TS Sandy has been upgraded to a hurricane. What does this mean? A Tropical Storm watch was issued for South Dade. Whenever there is a watch or warning in the… Continue Reading
- Live the dream: Waterfront Living at Intracoastal 31 - Your Guru had the pleasure of jumping in the car this afternoon with a colleague to pick up a set of keys for his listing located on the Intracoastal Waterway here in Fort Lauderdale. This stunning condominium is the ultimate South Florida condo residence. It’s a sprawling and spacious home with over 500 square feet… Continue Reading
- Credit Suisse Monthly Survey of Real Estate Agents shows Traffic Slumping as Buyers Still Fear Uncertainty - 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… Continue Reading
- Hello South Florida - Hello South Florida! It’s been an adventure making the transition from Chicago to South Florida, and although I will still maintain my status as Your Windy City Guide up in Chicago for the foreseeable future, I’m now fully up to speed as the South Florida Sunshine Guru! The adventure began in early 2011 when your… Continue Reading