RECENT BLOG POSTS
It was a sunny and warm day in Fort Lauderdale, FL--like many days are in South Florida. And I had a client, the buyer. After much home searching, we found the perfect Victoria Park townhouse! We submitted the offer and the seller accepted. The contract was executed for a purchase price of $47...
10/29/2009
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Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops-especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. http://online.wsj.com/article/SB10001424052748703816204574487240805281318.html I...
10/22/2009
After giving billions in taxpayer's money away to 'struggling' banks, it unrealistic to think we're going to get all of that money back, so says Inspector General Neil Barofsky--the man who watches over the TARP program. The Treasury Department has spent more than $454 billion through TARP pro...
10/22/2009
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Let's create banking regulations for the entire Global Banking Industry....much like air traffic control! There are very few global standards in the world, but air traffic control has to be global to prevent crashes. In the financial banking industry, we've had the equivalent of a mid-air collu...
10/19/2009
Raising awareness that discrimination still exists and this is is unacceptable, Teresa Henderson filed a lawsuit Thursday in U.S. District Court in Fort Lauderdale claiming a local condo association property manager and association president committed housing discrimination based on race! In ano...
10/16/2009
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Cash for Clunker for appliances program has been tentatively scheduled for 10 days in April, 2010. Retailers would offer rebates for 20% off before taxes, up to a total of $1,500 per household, on most energy-efficient appliances from April 16-25. In addition, consumers would receive an additi...
10/16/2009
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GE's quarterly profit hints at stability-as it's third quarter numbers exceeded Wall Street's expectations showing signs that orders for business may be improving. Jeffrey R. Immelt, GE's chief executive describes the company's performance as "solid" in a "global economic environment that is beg...
10/16/2009
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After showing my client 80 townhouses over the past year, he and his family finally decided to buy the perfect townhouse. All parties agreed to the purchase price of $470,000 and the contract was executed with a clossing date of October 19, 2009! The buyer has 20% down and is a solid candidate ...
10/15/2009
Ok....I'm a positive person (one must be when venturing in real estate these days)....I read positive books, try to keep a good attitude and help my friends 'keep the faith.' I rarely say what I truly feel...as I'm always trying to stay positive. Get ready...cuzz here it comes.... The Recession...
10/15/2009
Below please find a real estate market chart update for all single family homes and condo in Fort Lauderdale. As you will note, inventory has dropped 30.9% in the last 15 months. Sales of all Fort Lauderdale condos and homes have increased by 28.3% in the last 15 months. Currently, we have a 1...
09/23/2009