October 2015

Found 11 blog entries for October 2015.

The Multi-Indicator Market Index measured by Freddie Mac looks at recoveries in real estate by comparing recent data versus normal data over long periods for local residential housing and condominium markets nationwide. The index follows application data for home purchases, payment versus annual income ratios, on-time payments for mortgage loans, and the local employment market in all 50 states as well as the top 100 metro markets.

Recent findings indicate the real estate market is very healthy, rebounding on a path that has reached an outer range of stability. Twenty-nine out of fifty states currently rank in stable range, as well as forty-seven of the metro markets. Len Kiefer, Freddie Mac’s deputy chief economist believes real estate markets

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This week's newest Fort Lauderdale Condos For Sale:

photo of for sale signAs the winter months approach, many snowbirds are beginning their search for Fort Lauderdale Beach Condos for sale.  Here are the newest beach listings.  Sea Ranch Club in Lauderdale by the Sea has 3 new condo listings. One in Building A and 2 new listings in Building C. Listing prices range from $610,000 - $735,000.

Coral Ridge Towers East, a fifty-five and older Co-Operative (Co-Op) has a southeast upgraded unit for sale at $179,000.

Eight New listings along Galt Ocean Mile including a southeast exposure at L'Hermitage Condo for $899,000, a beautifully remodeled condo at Playa Del Sol for $475,000, a direct ocean view at Plaza East for $450,000 and a 1 bedroom 1.5 bath mid floor condo at Playa

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photo of for sale signThis weeks featured newest Fort Lauderdale Homes For Sale:

Sea Ranch Lakes Homes For Sale offers 1 new listing at Saranac Road. Sea Ranch, Florida is an exclusive beach front community with tree lined streets, 24-hour manned security and a private beach club across from the community directly on the sand.

The Landings Fort Lauderdale Homes For Sale features 2 new luxury single-family homes for sale at Bayview Drive, Fort Lauderdale and NE 59th Street, Fort Lauderdale. The Landings is a quaint residential community located in the northeast Fort Lauderdale section, just west of the Intracoastal Waterway featuring both dry and deepwater lots.

There are 5 new Coral Ridge Fort Lauderdale homes for sale. Three of the 5 just listed properties are luxury

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Even with recent volatility in the economy as a whole, the real estate housing market still shows to be strong and healthy. New home construction - which is generally a good indicator of the real estate market’s overall health was up 6.5 percent in September and is currently 17.5 percent higher than last year.

The numbers from September far exceeded expectations from economists and for six straight months, housing starts continued to be higher than an annual rate of one million units, which is a strong signal for a healthy market. However with the improvements in real estate construction, single-family homes were mostly flat from the month before, with both construction starts and permits almost unchanged.

Therefore, most of the improvements for the

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Rates for 30-year fixed-rate mortgages, conforming and jumbo loans and FHA loans were down last week as compared to the previous week according to the Mortgage Bankers Association® Weekly Survey. Rates are currently at a new low level since spring of this year.

The drop in rates as well as continued volatility as a result of industry regulations newly implemented caused a jump in demand for mortgages for residential homes for sale and condos and townhouses for sale. The seasonally revised purchase index was up 16 percent from one week ago and activity with refinancing loans was up 9 percent.

Mike Fratantoni, MBA’s chief economist said “On an adjusted basis, application volume increased last week, led by a sharp rebound in government volume. We

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When studying the strength of any real estate market, First-time home-buyers are always an important demographic to to consider. Over the years, younger buyers have typically accounted for approximately 40 percent of all home sales across the country.

However, since the housing melt down, fewer and fewer first-time buyers have been active in the real estate market. As a result, more and more studies have been conducted to understand the buying habits of younger buyers. The studies are designed to find out what is most important in a first house to buyers between the ages of 18 and 34?

SurveyMonkey released its recent findings that Millennial buyers are more concerned with neighborhoods for its schools, safety and affordability. Younger buyers also

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Following the financial crisis in 2008 and 2009, the real estate market saw a bust in the amount of distresses homes for sale. Distressed homes are defined as bank foreclosures and short sales (pre-foreclosure). In 2009, distressed properties accounted for 32.4 percent of all sales, which is an astounding figure when compared to years past when this amount was only about 2 percent of real estate sales.

The jump in the number of distressed properties was caused by collapsing home values and sales prices usually consisted of large price discounts which in turn encouraged real estate investors eagerly looking to take advantage of real estate bargains. However, today’s home values for the most part have bounced back from the down market following the

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According to the Fannie Mae’s Economic and Strategic Research Group, the most recent forecast for the real estate housing and economic conditions show while there may be a concern on Wall Street because of economic volatility, there shouldn’t be any negative affect on growth in the economy or put any damper on the progress the housing market has achieved over the last 12 months.

In fact, Fannie Mae points out there has been an increase in consumer spending, increased full-time employment above its pre-recessions peak, and the average hourly earnings has increased, indicating the economy will sustain its current positive path for the rest of the year.

Fannie Mae’s housing market outlook remains mostly unaffected by the recent findings. Doug Duncan,

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As shoppers begin the buying process of looking at homes for sale and condos for sale, most prospective homebuyers have a long list of features they must have, whether it be an open floor plan, or large family room, etc. However, along with the list of must haves, most buyers also have an equally long list of things they do not want or want to avoid in their new home.

Even with all the careful planning and consideration beforehand, once a new buyer has found a home, purchased it and moved in, there will always be a few items they didn’t realize were necessary and some issues that never crossed their minds when they were looking at properties. To avoid this happening, potential buyers can learn a great deal from what current homeowners dislike about

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The National Association of Realtors® Pending Home Sales Index looks at the total number of executed contracts to buy homes for sale and condos for sale each month. Because the study looks at signed contracts and not actual closings, the findings are a reliable measurement to forecast future home sales.

In August of this year, the index was down 1.4 percent. However, despite the drop, the index continues to remain 6.1 percent higher that last year’s level and has now increased above year-before levels for twelve consecutive months. NAR’s® chief economist, Lawrence Yun, said that demand to purchase is still ahead of the supply of inventory which will continue to put upward pressure on housing prices.

Mr Yun added, “Pending sales have leveled off

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