grc_gbsn, Home Buyer in Oakland Park, FL

Are houses still declining in value.?

Asked by grc_gbsn, Oakland Park, FL Sun May 27, 2012

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7
Contrary to some peoples belief that you can come to Florida and buy homes dirt cheap, I must say wrong, wrong, wrong. Our prices have been rising double digits annually for the last 3 years now. And since Florida is always going to be an attractive place to live and retire, don't except this trend to change anytime soon.
0 votes Thank Flag Link Mon Sep 22, 2014
Quite the opposite. You are in a hot, hot sellers market in South Florida!!
0 votes Thank Flag Link Sat Sep 13, 2014
Low inventory, low(still) interest loans, bidding wars..no, prices stopped going down for little while now...

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With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220 http://www.WeSellBroward.com
0 votes Thank Flag Link Tue Mar 19, 2013
As a Florida Mortgage Broker who advertises all over Florida and closes loans all over FL, it seems Palm Beach County, some of Broward and the Orlando areas are seeing some recovery.

Despite this administration taking on a bad situation in 2008 and making it 10 TIMES WORSE with its HVCC Appraisal Rules with AMCs (the work of Andrew Cuomo / Dem.Gov. of NY) which has cost America Billions in lost equity! And even despite the most recent attack launched at the recovery and the American consumer, the Death Star (i.e. Dodd/Frank Act), we’re seeing some signs of recovery. Signs of a recovery that would have happened much sooner had we not had to deal with this non-stop effort to take America towards socialism by crippling the recovery with massive over regulations!

However, after Nov., when we can get rid of the administration in Washington and start to repeal its failed policies, maybe then we’ll see some real “Hope and Change” to get America back on track.

When this happens, values in Florida will make the turn upwards…and then HOLD ON! The flood gates will open and it will be a mad rush to buy as much of Florida from everyone in the world as Florida is Florida and almost everyone wants to live here!

So, I say, with rates and home prices at all-time lows, buying now could be the best move a buyer could make!



Steve McRory
Pro Option Mortgage

http://www.pro-option.com

steve@pro-option.com
Ph: 888 662 4404


Prior Service U.S. Marine Corps
0 votes Thank Flag Link Mon May 28, 2012
If you are trying to time your purchase for the market bottom, you'll probably wait too long, and end up paying more. Buy when you're able and you'll end up much better off in the end.
0 votes Thank Flag Link Mon May 28, 2012
Not correct. In Osceola county we have had over a year of slow and steady price increase in the below 100,000 market. Also more short-sales are being listed, decreasing the number of foreclosures and creating for competition and multiple offers on the foreclosures. The good side is that those homes being sold traditional (owner owned) are now being listed at competitive prices.
0 votes Thank Flag Link Mon May 28, 2012
GRC,
Yes....and No.
Your question is on the front of the mind of every home owner and buyer.
On my blog I have created charts showing both price and SP/SF for communities in Dunedin and Palm Harbor, Fl. 40% of these communities show attributes of increasing value. The others are establishing bottom are still seeking. It will be a community dependent question.

Consult a real estate professional for the details regarding the communities in which you have interest. Data from aggregate websites and national trends are of NO value in this regard.

If you are serious about a home purchase or sale, you need to call a pro.

Best of success to you.
Annette Lawrence
Broker/Associate
ReMax Realtec Group
Palm Harbor, FL
727.420. 4042
http://www.MyListingbook.Listingbook.com
0 votes Thank Flag Link Mon May 28, 2012
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