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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Fort Lauderdale, Florida

Reported by David Albornoz

Updated January 13, 2012.

Current Market Rating: 3




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

FORT LAUDERDALE - As the real estate market continues its gradual recovery, buyers and sellers have come to a meeting of the minds. Home sellers are now aware that they have to make their properties move-in ready, and price at market to make the sale, and buyers are aware that a property in good condition and priced right will sell quickly. While buyers are still enjoying the tail end of the Buyers market which has been in place for 5 years now, the pendulum will swing toward Sellers by year end 2012. With respect to Luxury Homes, the recovery will be a bit slower, with price appreciation likely out until 2013 or later.. Owning is a better alternative to renting in most markets. I recommend that anyone considering a purchase, talk to a mortgage loan officer to see if they are qualified for a purchase. With 30 year rates under 4%, buyers will be pleased at how affordable their monthly payments can be for some of the great home deals that are currently available.

ZIP Codes: 33316, 33301

Location Characteristics: Fort Lauderdale offers the best in activities and beaches. From luxury homes in Las Olas, to fabulous Ocean front properties such as Point of America which offer exceptional views of the Intercoastal waterway Ft Lauderdale, has something for everyone!

For More Information:

View Market Conditions of other areas served by David Albornoz

Navigate: Top > Florida > Fort Lauderdale

About David Albornoz:
As a member of the National Association of Realtors and associate of the United Realty Group, I am proud to be able to offer world class service to home buyers and sellers in Pembroke Pines, Miramar, Davie, Weston, Cooper City, Plantation, Southwest Ranches, Long Lake Ranches and Point of America

Let me assist you with the information you need to make the tough decisions demanded in todays real estate market. I am here to help.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

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