Lighthouse Point — January 2012

by Ron Rosen on February 14, 2012

Each month I’ll be posting the Residential activity in Lighthouse Point. If you’re interested in seeing these figures for your City, or specific community, please send me your request. I’ll be happy to post the activity as per your request. In the month of January, there were a total of 16 reported sales, as follows: [...]

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Palm Beach County 2011

by Ron Rosen on January 17, 2012

I posted earlier the good news for Broward County, reporting that the Absorption Rate in Broward County, for both Single Family and Condo/Townhouse/Villas is below 6 months. Today I looked at Palm Beach County and found the market is good, but slightly more inventory than Broward. In Palm Beach County, Single Family Homes have an [...]

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Lighthouse Point — My City since 2004

January 8, 2012

I wanted to take this opportunity to congratulate our Police Officer and Fire Fighters of the Year. David Dyess, an 11 year Veteran with LHPPD, and Jessica Cruz and Ralph Giro of LHPFD. You should also be reminded that a meeting is scheduled for Feb. 14th, 2012 to discuss the County plans to replace Bridge [...]

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Buyers vs. Sellers on Home Prices

January 3, 2012

A follow up to “Happy New Year – 2012“, today a recent MBA (Mortgage Bankers Association) report was released. The report states that the MBA found that Sellers are “unhappy because they can’t snag the prices for the home that they want”. In other words, as I stated, Sellers are either refusing to, or simply [...]

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Happy New Year — 2012

January 1, 2012

What will 2012 bring? We start off the year with local inventories at their lowest levels in years. This trend began in early 2011 with consumers realizing the opportunity to obtain historically low interest rates, combined with an increase of foreign buyers bringing cash to South Florida. Local buyers were able to secure financing on [...]

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Bank of America – Short Sale Hell

September 10, 2011

Just about a year ago I listed a home in Pompano Beach. The Seller had been trying for well over a year to obtain a Loan Modification to save his home, and keep some normalcy for his teenage daughter. My client is nearly 50, divorced, and in addition to caring for his daughter, cares for [...]

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