South Florida condo industry poised to benefit from stock market volatility this summer
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The condo/townhouse market in South Florida had similar data with sales down 7.7% and prices up about 7%. Sales dropped overall in Florida, yet Orlando, Tampa and Jacksonville markets all saw increases in sales. More inventory is the likely reason. In a report published in bizjournals.com, Florida Realtors Chief Economist Brad O’Connor.
After a slow year in the South Florida property market, dominated by an oversupply of luxury inventory and the retreat of Latin American buyers due to the strong dollar, 2018 represents the perfect time for interested parties to buy a luxury condo in Miami or Fort Lauderdale, experts say.
South Florida condo industry poised to benefit from stock market volatility this summer miamiherald.com — A South Florida’s sluggish condo industry looks poised to benefit from the widespread volatility. During the last 90 days, investors active in the stock market have had to endure an eventful summer of widespread volatility on what almost seems like a daily occurrence due to concerns.
Property prices were a big election issue The election can be distilled down to just a few significant issues. The Economy. The easiest issue for the electorate to understand is the state of the economy; this includes unemployment/new job.
Market Report – Residential Condo Market in Miami, South Florida – March 2017. In its annual residential market study update, IRR relays that, "Buyers who are waiting for pricing to bottom will have to watch interest rates which are likely to rise 9-12 months from now. This reality will move domestic buyers off the bench.
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We do not see any signs of a recession in our business or industry. To the contrary, we are fortunate that we will have our seventh consecutive record in 2018 and are poised for an even better 2019.
The Miami Malaise. That isn’t much of a dent in the inventory of 15,067 condos, almost entirely made of older stock, that are currently for sale. There is already some 14 months of supply in the Miami market, a 20.4% increase in just one year. To that supply, you have to add the wave of new construction coming on-line.
Our contract growth this quarter was among the best in the industry. It appears that buyers in the luxury market continue. While the summer months are not a bell weather by which to judge New York.
Will joco home appraisals skyrocket again this year, taxpayers? Location is everything Articles by Lynn Horsley on muck rack. find Lynn Horsley’s email address, contact information, LinkedIn, Twitter, other social media and more.. Will JoCo home appraisals skyrocket again this year, taxpayers? Location is everything.
This past week we’ve seen some wild fluctuations in the stock market, so we thought we’d answer some questions people have. One question we’ve heard recently is does stock market volatility affect real estate values? The simple answer is, not really. There is a general correlation between stock market values and real estate values.