Fort Lauderdale Condos

Found 153 blog entries about Fort Lauderdale Condos.

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 Why An increase in Inventory As Homes Sales stall?

The National Association of Realtors (NAR) recently released findings in the latest Existing Home Sales Report that the supply of homes for sale and condos for sale in 2018 as compared to last year has increased each month for the last four months, while at the same time, existing home sales have slowed down.

During the last three years, the opposite was true, Sales climbed as inventory fell.

Lawrence Yun, Nar's Chief Economist shared his thoughts on why the change. Yun believes, "This is the lowest existing home sales level since November 2015. A decade's high mortgage rates are preventing consumers from making quick decisions on home purchases. All the while, affordable home listings

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Are you thinking about buying a home or condo for sale? Sandra Holmshaw with Nationwide Mortgage added this quick video to help you choose between a local mortgage broker and a bank when you decide to apply for a mortgage loan.

For more detailed information, contact Sandra Holmshaw directly.

Start your home or condo search here:

 

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Days On Market Drops In April

The National Association of Realtors (NAR) recently released data showing the median number of days a property spent on the market for sale reached a new low of twenty-six days in April, as 57% of homes were on the market for less than 30 days.

Lawrence Yun, NAR's Chief Economist was quoted saying:

"What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high."

Strong demand from homebuyers, a soaring economy, and a low supply of inventory of new and existing homes and condos for sale created the perfect

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Why Sell This Summer?

 Here are 5 reasons to list your home or condo for sale this summer:

Strong Demand

The most current Buyer Traffic Report from NAR (National Association of Realtors) reports that demand from buyers for properties for sale remains very strong. These buyers are actively looking, and are ready to purchase. In many situations, multiple buyers are viewing and bidding on the same property. Take Advantage of the buyer activity currently in the Fort Lauderdale real estate market.

Less Competition

Inventory for homes and condos has declined year-over-year during the last 35 months and is still short of the six month supply needed for a balanced housing market. In other words, there are not enough properties currently for

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Buyers Are out Looking Now!

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 The National Association Of Realtors (NAR) recently released findings that show now could be a great opportunity to sell your home. The concept of "supply and demand" indicates the best time for a product or service is realized when there is a low supply, limited competition and a high demand for that good or service.

Let's test this concept to the current residential real estate market.

Supply

Everyone knows  that for more than a year now, the current inventory for homes and condos for sale has been far below the number needed to sustain a normal balanced market. A normal market can be defined where there is six months housing supply to satisfy the demand. A recent NAR report showed that at this time, there is

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Are You Under 50 And renting?

Each year, findings in the Survey of Consumer Expectations (SCE) are made public by the New York Federal ReservE. Each survey covers a variety of topics, including inflation, labor market, household finance, credit access and housing.

In the housing section of the survey, one question asked participants: "Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence?"

More than 3/4 of respondents under age fifty replied they would prefer to own their home, rather than rent. While just 52.6% of participants over age 50 said they would prefer to own. The chart below illustrates the full breakdown.

Consumer Expectation Survey | JohnSabia.com

When renter respondents were asked what the average probability of

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Are You Waiting To Upgrade To Your Dream Home?

Since January of this year, interest rates for mortgages have increased by more than half of a point. This interest rate increase has many thinking that real estate prices for homes and condos will drop. However, historical data  proves this false.

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How Do Home Values Today Compare to Beginning Of The Year

While mortgage interest rates have been rising, home values have also been rising. Here are the current monthly price increases as reported in Corelogic's the Home Price Insights Report:

  • January 2018 - Real estate prices Were up 0.5% versus the prior month
  • February 2018 - Real estate prices ere up 1% versus the prior month
  • March 2018 - Real estate prices were up 1.4% versus the prior
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Home Ownership Tips

Your Dream Home doesn't have to be a Dream. With careful planning and some sacrifices, you can make this dream a reality. Here are a few tips:

  • Set up an automatic savings plan to save a small amount out of every paycheck. Consistency is key. By doing this automatically, you won't have to think about it and you may not even miss the small amount.
  • Living within your means is a small sacrifice to make for a big reward! Sticking to a budget will help you save enough money necessary for a down payment while also paying down or eliminating other debts that may be affecting you negatively.
  • Think about what you are willing to cut back on now to make home ownership a reality for you tomorrow.

Infographic - tips to make home ownership a reality

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