As we all read the newspapers, watch tv and read the articles on line one would think that no one is buying homes. Well that is just not true. In most neighborhoods inventory is down 30-40% from is mid 2007 highs.  Foreclosures are coming on the market but selling quickly.  So if you are thinking about real estate this is the time to get the deal and make that profit if your in it for 3-5 years. Fort Lauderdale is full of opportunities.

With things starting to look up in the Fort Lauderdale Real Estate market summer is bound to be an interesting time. Investors are starting to find those great deals and inventory throughout Broward county has shrunk considerably with homes being rented, sold and some foreclosed on. Opportunities are available for those willing to step back in to the Fort Lauderdale market.

With Broward county seeing pending sales up over 30% since January of 2008 many people believe that we have hit bottom for single family homes in Fort Lauderdale. Inventory has come down and sales are going up...this might be the ideal time to buy in Fort Lauderdale.

As Fort Lauderdale prices continue to decline there is much speculation as to when we will hit bottom. As you look back in history it is typically the investors who are willing to step back in when the market is close to finding the bottom.  Over the last month or so we are seeing investors who have been sitting on the sidelines finally making a move. They see the stock market floungering, cd rates have dropped and with the drastic price reductions in the Fort Lauderdale market investors can again purchase property and have positive cash flow. It has been a long time since that was possible.

This past Wednesday evening I went to the Broward County Master Brokers Forum which I have been a part of for the past 2 years. The main topic and the positive for the Fort Lauderdale market is how many foreign Buyers are stepping into our market. Over the last year over 15 % of the purchases of both existing and new construction have come the way of foreign investors. With expanded inventory and the weak dollar if you are seeking appreciation, a safe haven for your currency and the amazing sun and fun Fort Lauderdale has to offer, this is a wonderful time to step in to our market.

Over the last few weeks the 30 yr fixed rate creeped over 6.0 % and with another rate cut pending on with the federal funds rate rates have come down on the 30 yr fixed to 5.87%.  So with home sales on the up tick in Fort Lauderdale combined with historically great rates today is presenting some wonderful buying opportunities.

Well if you have been sitting on the sidelines waiting to step back into the real estate game this might be the year. With foreclosures up over 100% from last year Fort Lauderdale's pricing has come back to earth. We have seen mroe sales over the past 3 consecutive months along with inventory actually shrinking.  So if your an investor or wanting the warm Florida sun this might be the time to buy in Fort Lauderdale.

As Fort Lauderdales foreclosures continue to rise we have also had some good news in that sales and pending sales have risen over some of the worst months in late 2007 and early 2008.  With the rise in foreclosures Fort Lauderdale's prices will continue to drop a bit further as we head toward the summer months.

As things continue to remain uncertain we have seen investors stepping back into the market for some great "deals".  You can pick up condos some at 50% of what they were just 2-3 years ago. If your thinking about Fort Lauderdale and thinking of 2003 pricing it may be time to take a look.

We all voted for Portability to pass in Fort Lauderdale,
but many of us do not know the effects it can have on our
taxes. If you have sold your home or thinking of selling
call me to discuss the amazing benefits to moving
in Fort Lauderdale.