Broward County is experiencing active sales of Single family properties that are primarily First time home buyers. The condo market seems to be moving to second home and investor buyers. There are many low end rehab projects being purchased and resold. There is a lower level of distressed inventory than we have seen in the recent past as a result of the moratorium some lenders have placed on their foreclosure process. As a result re-habbers are able to turn properties fairly quickly at this time. The overall movement of the current inventory seems to have slowed dramatically. This could be a result of the holiday season or simply the continued falling of the confidence in the local economy and the staggering 11%(+/-)unemployment rate.
Company: Exit Team Realty II
Phone: 954-347-2469
Email: david at thecampbellgroup dot org
