Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Fort Lauderdale area
 [Register]
Fort Lauderdale area Broward County
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-08-2009, 03:00 PM
 
4,286 posts, read 10,766,068 times
Reputation: 3810

Advertisements

Where would you say the real estate prices in the fort lauderdale area are going to go from today, Sept 8 2009?
Reply With Quote Quick reply to this message

 
Old 09-08-2009, 05:16 PM
 
2,930 posts, read 7,060,311 times
Reputation: 1389
Quote:
Originally Posted by GiantRutgersfan View Post
Where would you say the real estate prices in the fort lauderdale area are going to go from today, Sept 8 2009?
Down for the entire South Florida
Reply With Quote Quick reply to this message
 
Old 09-08-2009, 06:33 PM
 
Location: Broward County
2,517 posts, read 11,050,573 times
Reputation: 1391
FLAT. We have reached bottom...trust me on this.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 03:54 AM
 
Location: Parkland, FL
415 posts, read 1,666,034 times
Reputation: 275
Slight down to flat. There is just an insane amount of inventory on the market. Once this gets eaten' up over time, that's when we might see appreciation again. I just can't see this happening for at least 5 years.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 05:35 AM
 
Location: Weston Florida
84 posts, read 317,205 times
Reputation: 31
[quote=HowGoesIt;10672773]There is just an insane amount of inventory on the market. quote]

Are you a broker? Where did you get your "inventory" count?

Inventory is being reduced significantly - and homes, especially foreclosures, are in bidding wars right now....

Home prices wll be up next Sept 9th....
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 06:46 AM
 
2,930 posts, read 7,060,311 times
Reputation: 1389
[quote=triplenet;10673181]
Quote:
Originally Posted by HowGoesIt View Post
There is just an insane amount of inventory on the market. quote]

Are you a broker? Where did you get your "inventory" count?

Inventory is being reduced significantly - and homes, especially foreclosures, are in bidding wars right now....

Home prices wll be up next Sept 9th....
I know many banks are delaying their foreclosures...so the inventory is not gonna get smaller, banks are just being smart about it, they don't want all that inventory out there and compete with each other. It makes sense. They need offfers and they are taking all the cash they can. Perfect time to live rent free or buy dirt cheap if you have the cash. Some areas have probably reached bottom but many haven't.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 07:12 AM
 
Location: Weston Florida
84 posts, read 317,205 times
Reputation: 31
You are correct... The banks learned a lesson and are putting out inventory at a much slower pace to keep price stability.... That is why I believe we are at or near the bottom....

12 months from now things will be much different...
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 07:34 AM
 
Location: Fort Lauderdale
423 posts, read 1,642,944 times
Reputation: 96
Inventory has actually reduced considerably compared to last year and most of what is in the 'inventory' is over priced/unrealistic stuff. This is why when a decent houses with decent condition and price are selling in 1 - 3 weeks. As others have mentioned a good bank owned foreclosure usually gets 10 - 30 offers!

If you have cash it is relatively easier to buy a bank owned bargain, if not it will just take more time, effort and patience.
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 10:08 AM
 
8,377 posts, read 30,898,943 times
Reputation: 2423
Quote:
Originally Posted by heydade View Post
FLAT. We have reached bottom...trust me on this.
We still have another wave of foreclosures that have not occurred yet...
Reply With Quote Quick reply to this message
 
Old 09-09-2009, 11:21 AM
 
789 posts, read 2,563,567 times
Reputation: 129
Quote:
Originally Posted by compelled to reply View Post
We still have another wave of foreclosures that have not occurred yet...
Yup ~~ especially if the economy doesn't rebound. Remember, there are homes that are being foreclosed on because they're loosing jobs. And there are no replacements insight. It's not just the homes that folks had no business buying in the first place relative to their salary.

I think the property taxes r going to slow down the buying process. I have a friend who recently cancel going through with a 300k purchase when he realized how HIGH his taxes would of been.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Fort Lauderdale area
Similar Threads
View detailed profiles of:

All times are GMT -6. The time now is 07:57 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top