As South Florida’s housing market booms, signs of a slowdown have agents worried about a bursting bubble

The housing market in South Florida has been booming for much of 2020 — sparked by low interest rates, high demand and low inventory — but real estate experts say they consider the trend a bubble that probably won’t last.



a bridge over a body of water surrounded by trees: Eight months in to the pandemic and the housing market in Broward County has been booming for those selling single family homes.


© Carline Jean / Sun Sentinel/South Florida Sun Sentinel/TNS
Eight months in to the pandemic and the housing market in Broward County has been booming for those selling single family homes.

Single-family homes have been spinning on and off the market at a fast pace, with many sellers getting offers above asking price from buyers who are taking advantage of historically low interest rates, real estate agents say.

Loading...

Load Error

In Broward County, single-family home sales in September were 24.9 percent higher than September 2019, and the median sale price rose 15.6 percent to $425,000, according to the Broward, Palm Beaches & St. Lucie Association of Realtors.

Outside of Broward

Read More

U.S. Commercial Real Estate Showing First Signs of a Thaw

(Bloomberg) — Prices on U.S. commercial real estate deals showed signs of improvement in the third quarter, though the number of transactions tumbled as Covid-19 continued to hammer the economy, according to Real Capital Analytics Inc.



Philip Gaucher et al. sitting at a bus stop: Customers sit in the outside dining area of a restaurant in front of an empty storefront displaying a retail space information on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.


© Bloomberg
Customers sit in the outside dining area of a restaurant in front of an empty storefront displaying a retail space information on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.

While investment volume fell 57% from a year earlier, prices climbed 1.4% on average, the research firm said in a report Wednesday. Deals picked up from the previous quarter, exceeding typical seasonal changes.

Loading...

Load Error

“Everything is not gloom and doom in the commercial property

Read More

Egypt’s president signs strategic maritime deal with Greece

CAIRO – Egypt’s president Saturday ratified a maritime deal setting its Mediterranean Sea boundary with Greece and demarcating an exclusive economic zone for oil and gas drilling rights, the state-run news agency reported, in a move that has angered Turkey.

The bilateral agreement is widely seen as a response to a rival deal between Turkey and Libya’s Tripoli-based government that spiked tensions in the East Mediterranean region, along with Turkey’s disputed oil and gas exploration in the seawaters.

The MENA news agency said that the deal, signed by President Abdel-Fattah el-Sissi, was published by the official gazette on Saturday.

The ratification came over two months after the Egyptian and Greek foreign ministers signed the deal in Cairo.

The Egypt-Greece deal establishes “partial demarcation of the sea boundaries between the two countries, and that the remaining demarcation would be achieved through consultations.”

Egyptian Parliament Speaker Ali Abdel-Al had in August called

Read More

U.S. Commercial Real Estate Market Showing First Signs of a Thaw

(Bloomberg) — U.S. commercial real estate deals tumbled in the third quarter as Covid-19 continued to hammer the economy, but prices showed signs of improvement, according to Real Capital Analytics Inc.



Philip Gaucher et al. sitting at a bus stop: Customers sit in the outside dining area of a restaurant in front of an empty storefront displaying a retail space information on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.


© Bloomberg
Customers sit in the outside dining area of a restaurant in front of an empty storefront displaying a retail space information on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.

While investment volume fell 57% from a year earlier, prices climbed 1.4% on average, the research firm said in a report Wednesday. Deals picked up from the previous quarter, exceeding typical seasonal changes.

“Everything is not gloom and doom in the commercial property markets today,” analysts led by Senior Vice

Read More

Unseasonably Fierce U.S. Real Estate Market Shows Signs of Slowing Down

 A highly competitive U.S. housing market started to show signs of easing slightly in September, particularly in parts of the Southeast, according to data released Tuesday.

There was a slight decline in bidding wars last month, with the percentage of offers vying with a competing bid standing at around 56%, down from 59% in August, according to the report from real estate firm Redfin. It’s still an unseasonably high level of competition for the market, which has been tipped in sellers’ favor since coronavirus lockdowns began easing in early summer. 

The market may be headed for a slower period over the holiday months, but “homebuyers are still sweating as they navigate what remains an unseasonably hot seller’s market,” said Daryl Fairweather, chief economist at Redfin said.


Competition has begun to ebb, for example, across some Southeast metro areas, where the percentage of homes facing bidding wars halved from August to

Read More

The Block 2020 homes officially hit the market as For Sale signs go up

They’ve spent weeks renovating homes in front of a national audience of millions. 

And as The Block nears the end of its 2020 season, all of the houses are now officially on Melbourne’s property market.

On Monday, official ‘For Sale’ signs went up out the front of each of the stunning properties. 

Ready to sell: Official ‘For Sale’ signs went up out the front of each of the stunning properties of The Block in Melbourne’s Brighton on Monday. Pictured: Harry and Tash’s sign

Prepared: With auction day just around the corner, the contestants no doubt want to drum up as much interest as they can

Two passers by check out Sarah and George's 'For Sale' sign

Prepared: With auction day just around the corner, the contestants no doubt want to drum up as much interest as they can 

With auction day just around the corner, the contestants no doubt want to drum up as much interest as they can in their properties. 

Father and daughter duo, Harry and Tash,  have chosen to sell their home through Whitefox real estate and a clean white

Read More

The Growing Trend of Wood Signs in the Property

Wood signs are one of the most growing trends among property owners to welcome guests in the most creative and unique way. These signs create a lasting impression on the guests, making it easier for them to spot your address. You can mount them on the wall, door or near your house with a stand. You can even customize the wooden signs by entering your name, house number, flat number on it, making people locate your address easily.

Benefits of Using Wood Signs Outside your Property

  • Adds Natural Appeal

As wood is an organic material, it adds natural appeal to any space. Placing this type of sign outside your property is not only welcoming but also an affordable way to leave an everlasting impression on your guests or potential customers. All in all, these are great for both residential and commercial properties like a local coffee shop or a resort. … Read More