Now the Fort Lauderdale Real Estate Market is back on track builders and developers are breaking ground on a wide range of commercial and residential projects. We'll try to supply a link here to some of these new construction homes on our New Construction page.
The Great Foreclosure Crisis has long since passed. Still, due to the dynamic nature of the South Florida real estate market we will continue to see a steady stream of foreclosures. There will simply be a lot less of them. Quality properties that do appear on the MLS will be snapped up rather quickly.
You'll find our "Hot Buttons" below to be an invaluable resource. These are the most recent Listings for Distressed Property (either REO or Shorts) to appear on the MLS.
If you are looking for foreclosures or short sales check back every day or so. Have your ducks in a row and be prepared to move quickly.
Foreclosures & Short Sales Hot Buttons
The most recent Listings for Distressed Property on the MLS.
Looking for Foreclosures or Short Sales? Check back often!
When Your Purchase Private Dock
For Your 50 ft. Yacht
Best Condo on Isle of Venice, A Stunning Luxury Waterfront Penthouse
Premier Corner Unit with Spectacular Southeastern Exposure with Water & Skyline Views
Virtually New Construction, Never Lived In. Decorator Ready.
10 ft. Ceilings, Over 3,300 s.f. Under Air, 4 Bed, 3.5 Baths, Floor to Ceiling (Impact) Windows,
with a Large Balcony and Private Rooftop Terrace.
Gas Cooking, Wolf & Sub-Zero Appliances.
(Click on Photo to See Details)
(Click on Photo to See Details)
Ft Lauderdale Real Estate News 10/9/19
Cities With Highest Risk of Real Estate & Housing Market Bubble
Shouldn't have to point this out, but it is extremely interesting to see what real estate market is NOT on this list.
Specifically Fort Lauderdale and Broward County.
Again, in Broward County there is only 471 square miles of developable dry land and it is pretty much 100% developed. We have people moving in every day. As the population continues to swell and there is no more land on which to build... Well, you do the math.
The latest report from Swiss Bank UBS identifies seven North American cities which could face a real estate bubble in the near future.
Designed to ascertain potential risk of property price bubbles in cities around the world, The UBS Global Real Estate Bubble Index attempts to determine long-term perspective of the housing market. This year's report discusses cost of living around the world, where service sector professionals need to work the longest to buy an apartment, and housing markets of cities on the list.
Though a regularly recurring phenomenon in property markets, the term "bubble" refers to a sustained and substantial mispricing of an asset, which usually cannot be proven until it bursts. Tracking the basis of such patterns, The UBS Global Real Estate Bubble Index tries to gauge the risk of a property bubble.
Comparing the relation between incomes, construction levels and mortgages changes to rents, UBS concludes real estate markets in certain cities are over-valued, might therefore face a risk to crash, while other cities have fairly valued housing markets.
In the report's intro, Matthias Holzhey and Claudio Saputelli claim one major risk in real estate values in certain urban centers is "low affordability." "Growth prospects of a city in question drop if employees cannot afford an apartment with reasonable access to the local job market."
These are the North American cities UBS deemed most at risk of a housing crash:
The Truth, The Whole Truth, A Couple Wise Cracks...4>
A Comprehensive, Honest, Unabridged and Totally Un-Authorized
History of Fort Lauderdale
by Jim Esposito
From Big Bang to Present Day
When considering the history of Fort Lauderdale and the state of Florida, two interesting facts pop out:
First, the entire state itself was essentially a foreclosure. Florida was ceded to the United States by Spain in 1819 in exchange for the forgiveness of a $5 million debt.
Secondly, Major William Lauderdale, after whom Fort Lauderdale was named, only spent about a month in the neighborhood.
People in Florida see things differently. Surprised this guy doesn't have a fishing pole, trolling.
The Wayback Machine
Once the Earth cooled and the dinosaurs died after that asteroid impact, the crater of which is now called the Gulf of Mexico, the southeastern region of the Floridian peninsula was originally inhabited by the Tequesta tribe of Native Americans, according to archaeological evidence dating back some 4,000 years.
A socio-politically complex society whose main village was located at the mouth of the Miami River along the shores of Biscayne Bay, Tequesta culture centered around dugout canoes, carved by honored craftsmen with crude tools fashioned from sea shells. Picking through ancient trash heaps archeologists found bones from a wide variety of wildlife and fish, including deep water species such as mako sharks, swordfish and right whales.
Think about the (shall we say) fortitude required to paddle a dugout canoe into the ocean to go after blue water sharks and 40-foot whales. It brings a whole new meaning to the term "Stone Age."