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Uilize this website by using the blue navigation tabs on the left to look at active MLS listings both Distressed and Non-Distressed in the Greater Fort Lauderdale area, or use the links directly below to search by price .
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PENDING HOME SALES RISE
WASHINGTON – Sept. 2, 2010 – Home sales have according to the National Association of Realtors® (NAR).
The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June.Pending sales data reflects contracts and not closings, which normally occur with a lag time of one or two months.
On the other hand, homes have not been this affordable in recent memory. “Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped partly by the Fed’s very accommodative monetary policy,” says Yun. The PHSI in the Northeast rose 6.3 percent to 62.5 in July, in the Midwest the index increased 4.1 percent to 66.7. In the West, the index jumped 11.6 percent to 95.0.
Florida’s existing condo sales rise in July
NAR: July existing homes sales fall as expected, but prices rise.
ORLANDO, Fla., Aug. 24, 2010 – Sales of existing condominiums in Florida rose 11 percent in July, with a total of 5,557 condos sold statewide compared to 4,991 units sold in July 2009, according to the latest housing data released by Florida Realtors®.
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| Tremendous Deals on Direct Ocean View Condominiums .
Chris Greenwood
Coast Counties Realty
1318 East Las Olas Blvd Ste.102
FT. Lauderdale, FL 33301
Cell:954) 290-5467
Fax: 954-414-0515
Email: Mysoflacondo@aol.com
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Effective Low Priced Units Priced to Move!
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MARKET UPDATE
2010 has shaped up to be one of the best markets in South Florida since the boom years of 2000-2005. Tremendous buys with Direct Ocean Views, Intercoastal and New River Views have opened up. If your looking in the $100K-$350,000 price range there are very nice properties to see. If you are coming to Fort Lauderdale be prepared to act quickly as the best properties with views on the water are getting snatched upwithin days right now. Sellers with non-distressed properties whose properties have languished,are available at prices not seen since early 2000. Let Chris assist you in locating the best buys in this buyers market.
Chris has several methods for you to locate the property that is right for you. You may use the Search Homes tab to look at actual Mutiple Listing Service (MLS)and request more information if needed? Chris conducts daily foreclosure research, and you can view the most recent Fort Lauderdale listings on the Foreclosure Listing's navigation buttonm this is a great way to get you in the first position on a new property, if interested email or call him . You can search by Condominium Building Name and show all active litings and rentals in a building, if you can't find a building {Call Chris} and he will get it for you. (954-290-5467).
FREE EMAIL UPDATES
Using Chris' exclusive listing notification service, all you need to do is to Sign in (Search for Homes tab). Save your favorite listings and searches, and receive FREE email updates when listings you like come on the market! This is clearly the best time in eight years to be a buyer in the greater Fort Lauderdale market. Let Chris show how agressive he can be in locating the property you are looking for!
Chris will always give you an educated assesment on any property. As a Buyers Agent and advocate for you as a buyer, Chris has your best interests in mind and invites you to spend some time with him to review your needs, and so that he can provide an broader perspective of listings available in Broward County.
Please call me now for focused and indepth information on the Greater Fort Lauderdale area. Chris Greenwood,954-290-5467
Eleven of Florida’s metropolitan statistical areas (MSAs) reported higher existing condo sales in July, according to Florida Realtors. The statewide existing condo median sales price last month was $87,200; in July 2009 it was $108,500 for a 20 percent decrease. The national median existing condo price was $181,300 in June, according to the National Association of Realtors® (NAR). (Call Chris for full article 954-290-5467)
Los Angeles Times-August 23, 2010
Good-faith closing cost estimates get real under new loan rules
Mortgage lenders must now pay the difference if a loan's closing costs come in higher than they estimated, which means no more lowballing to lure customers. Facing new penalties if they lowball estimates of upfront mortgage costs, lenders and brokers appear to be coming clean about how much borrowers will pay.
As a result, the so-called good-faith estimates that mortgage providers must give to prospective customers show closing costs soaring 36% this year, interest-rate tracker Bankrate.com said in a report this week.
The main reason for the increase, according to Bankrate: Lenders are giving more accurate estimates because they now must pay to cover the difference if they underestimate the costs, according to Bankrate. (Call Chris 954-290-5467 for full article)
Gov. Crist signs massive condo bill today
FORT LAUDERDALE, Fla. – June 24, 2010 – Gov. Charlie Crist traveled to South Florida today to ceremonially sign this year’s massive condo bill, SB 1196. The bill, among other things, exempts some elevators from code requirements, revises voting laws for condo associations, and makes changes to loss assessment coverage. Other Provisions are;
• Lowers the cost of condo-ownership by repealing a requirement that owners purchase individual unit owner insurance coverage.
• Removes the requirement for mandatory retrofits of sprinkler systems in condos over 75 feet high.
• Requires lenders to pay more in past-due assessments on foreclosed properties.
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By using this site and the paid listing and search features on it, you understand that if you correspond with Chris Greenwood, P. A. on any properties listed on this site that and if a sale or lease is transacted that you will be responsible for paying the due commission if you purchase or lease that property through another Realtor after first dealing with Chris Greenwood, P.A.
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