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Real Estate Blog

 
Friday, March 29, 2013
Tags:   Fort Lauderdale Real Estate, Real Estate News, Gayle Borden

The latest report from Bloomberg has found that home values are not only growing healthily, but are breaking records, with home equity jumping last year by the most in 65 years.

“Property owners recaptured $1.6 trillion as home values climbed to the highest levels since 2007. The amount by which the value of the houses exceeds their underlying mortgages rose to $8.2 trillion last year, a gain of 25 percent, according to Federal Reserve data.

An expanding group of homeowners is able to get cash from their properties as banks show more willingness to make home equity loans with the market’s recovery. Originations for the mortgages should rise 10 percent to almost $83 billion this year, from about $75 billion in 2012, said Shaun Richardson, a vice president at Icon Advisory Group, a mortgage analytics firm in Greensboro, North Carolina. About 6 percent of lenders eased equity-mortgage standards at the end of 2012, the most in 18 months, according to the Fed.”

“Lenders are starting to come back into the marketplace,” said Greg McBride, a senior financial analyst at Bankrate Inc. “We’re not going back to the wild, Wild West we saw during the real estate boom, but we are going to see more people spending their equity.”

This development bodes well for both buyers and sellers. Those owning a home will have more disposable income from their growing property values, and can make more money than before by selling their properties. Meanwhile, sellers looking to capitalize on increased equity in home ownership will find an active and willing market of suppliers.

Meanwhile, a report from CNN Money has bolstered this optimistic news with even more encouraging data:

The S&P Case-Shiller index, which tracks the 20 largest markets in the nation, showed the biggest year-over-year gain in prices since June 2006.

"This marks the highest increase since the housing bubble burst," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.

In a separate government report Tuesday, new homes sold at a 411,000 annual rate in February, down nearly 5% from the January sales pace but up 12% from year-earlier levels. The typical price of a new home sold in the month was $246,800, up about 3% from both the January and a year earlier.

Joseph LaVorgna, chief U.S. economist for Deutsche Bank, said that bad weather in February could be partly responsible for the slowdown in sales. But he said market fundamentals suggest that the market for new-home sales should remain strong.

"Despite the pullback in sales in February, the uptrend in housing remains clearly intact," he said. He is forecasting even stronger sales in the second half of this year.

Needless to say, now is an ideal time to take advantage of an increasingly thriving and rewarding real estate market. Fort Lauderdale Real Estate is leading this trend, with a large and diverse market of luxurious properties. To learn more about the unprecedented opportunities that await, contact acclaimed and professional Realtor Gayle Borden at 954-525-3355


 
Thursday, March 28, 2013
Tags:   Fort Lauderdale Condos, Fort Lauderdale Real Estate, Fort Lauderdale Homes, Gayle Borden

Fort Lauderdale has is one of South Florida’s most exciting and vibrant cities. This fast-growing community is full of attractions and events that draw in travelers and would-be residents from all over the world. Consider some of these great events taking place this March and April.
 
Starting today until March 30, the Broward Center for the Performing Arts will be presenting “Bare,” a highly-acclaimed musical done in the vain of classics such as Spring Awakening and Rent. Bare tells the coming-of-age story of a group of seniors at a Catholic high school who are struggling with issues of personal and sexual identity. It’s a riveting and edgy narrative delivered with great performances. 
 
Romeo Santos, a famous Bachata singer and former member of musical group Aventura, will be performing at the Hard Rock Live tonight at 8pm. The prominent venue is located on 1 Seminole Way in Hollywood. 
 
Tomorrow, March 28, at 7:30pm, the Florida Panthers will be squaring off against the Buffalo Sabres at the BB&T Center on One Panther Parkway in Sunrise. Learn more at the Panthers’ official website.
 
Finally, if you’re looking for an unbeatable night in the town, “Get Downtown” tomorrow between 5-8pm at YOLO bar, located on 333 E. Las Olas Blvd. Fort Lauderdale’s largest outdoor cocktail hour offers some of the best flavors in the city from a wide selection of local restaurants and bars. 
 
With such a wide and exciting variety of fun activities, it’s no wonder that Fort Lauderdale Real Estate is one of the most sought-after in South Florida. This community offers a unique and unmatched standard of living. To learn more about this rewarding community, contact Gayle Borden, the leading specialist on real estate in the area, at 954-525-3355. The acclaimed Realtor is guaranteed to find you the property of your dreams in this amazing city.


 
Monday, March 25, 2013
Tags:   Fort Lauderdale Real Estate, Gayle Borden

Numerous industry reports have confirmed that South Florida’s real estate market has been in consistent and healthy recovery for the past couple of years, and projected growth trends looks very promising. Now, a recent report from real estate website Trulia.com has found that it is more ideal to purchase a property rather than rent one. An article in The Sun Sentinel by Paul Owens has more:

"Buying a home in Broward County is 53 percent more affordable than renting, the study shows. The average monthly cost of owning in Broward is $773, compared with an average rental rate of $1,638.

In Palm Beach County, buying is 56 percent cheaper. The average home costs $773 a month, while renting runs $1,767.

Buying also beats renting across the country, Trulia said. Detroit leads the way, with buying 70 percent cheaper there."

Indeed, Fort Lauderdale Real Estate in particular has shown a remarkable turnaround in the number of property sales, and the city has continued to grow in the years following the recession. So what is driving this interesting trend? The report goes on to note that much of it reflects lingering trends from the recession:

"While home prices plummeted during the housing bust, rental rates increased steadily, in part because of demand from former homeowners who couldn't qualify for mortgages.

Many renters are getting fed up with rising rates and want to buy, said Douglas Rill, broker with Century 21 America's Choice in West Palm Beach. "They're coming out of the woodwork," he said.

But the problem facing buyers is a lack of homes for sale. Strong demand from investors has depleted the inventory of properties, particularly in lower price ranges, Rill and other agents say.

The Trulia report assumes buyers put 20 percent down, stay in the home for seven years and receive a 3.5 percent interest rate for a 30-year, fixed-rate mortgage. The study also factors in all monthly costs of owning, including maintenance, taxes and insurance."

In other words, in terms of buying vs. renting, buying a home offers a significant comparative advantage over renting, but the market is getting highly competitive. That is why anyone looking to buy a home should seek the services of Realtor Gayle Borden, the leading real estate expert in Fort Lauderdale. The award-winning Realtor has received many accolades from both clients and the real estate industry for her performance, professionalism, and courtesy. To navigate through this complex but rewarding real estate market, contact Gayle Borden at 954-525-3355.


 
Friday, March 22, 2013
Tags:   Fort Lauderdale Real Estate, Las Olas, Gayle Borden

Fort Lauderdale has developed a reputation as one of South Florida’s most exciting and vibrant cities. The growing community is full of attractions and events that draw in travelers and would-be residents from all over the world. Consider some of these great events taking place this March.

Tonight at 8pm, Comedy Central Live presents acclaimed comedian Gabriel Iglesias, who will performing at the Hard Rock Live Hollywood located on 1 Seminole Way, Hollywood.
 
If you’re looking for a rich cultural excursion, then pay a visit to New River Fine Art on 914 East Las Olas Boulevard between 6:30pm to 9pm. One of South Florida’s oldest and most prestigious fine art galleries will showcase a unique collection of art by Purvis Young, recognized as one of the best self-taught contemporary artist of the last four decades.
 
Starting tomorrow, March 23, until March 26 will be “Everglades Days” at the Museum of Discovery And Science on 401 SW 2nd St. Visitors can enjoy exciting and educational speakers, activities, and experiments, including arts, craft,  and games. This event will be fun for the whole family, and is a great attraction for kids.
 
For a unique cultural experience, consider the acclaimed performances of “Pilobolus,” which will take place tomorrow at 2pm and 8pm at the Parker Playhouse, located on 707 NE 8th St. The Pilobolus dance troupe has been recognized for its skillful combination of humor, athleticism and creativity in every show, subsequently being dubbed "the most popular modern dance company in the country” by the New York Post.
 
Finally, if you want an event your kids can enjoy, consider “Yo Gabba Gabba! Live!” and their new show, "Get the Sillies Out!" which will be taking place at the Broward Center for the Performing Arts, located on 201 SW 5 Ave, at 2pm and 5pm from March 23-24. The show will feature DJ Lance Rock, plus Muno, Foofa, Brobee, Toodee, and Plex, and hip hop legend Biz Markie.
 
With such a wide and exciting variety of fun activities, it’s no wonder that Fort Lauderdale Real Estate is one of the most sought-after in South Florida. This community offers a unique and unmatched standard of living. To learn more about this rewarding community, contact Gayle Borden, the leading specialist on real estate in the area, at 954-525-3355. The acclaimed Realtor is guaranteed to find you the property of your dreams.


 
Wednesday, March 20, 2013
Tags:   Fort Lauderdale Real Estate, Victoria Park

Fort Lauderdale is one of the fastest growing communities in South Florida, with new and modern development projects being undertaken every year. Despite its remarkable expansion, this renowned coastal city has a long and rich history, as reflected by the dynamic and beautiful neighborhood of Victoria Park.
 
Centrally-located near trendy Las Olas Boulevard and the famous Intracoastal Waterway, Victoria Park has long been one of the city’s most prestigious communities. Indeed, it attracted the attention of none other than Julia Tuttle, the American businesswoman credited as the “Mother of Miami.” Partnering with railroad magnate Henry Flagler, she convinced him to extend his railway down to South Florida, thereby allowing the region to grow and develop.
 
Fort Lauderdale was one of the many cities that benefited from the economically vital Florida East Coast Railway, which ran right through it, albeit with an auspicious curve to the west of what is now Victoria Park. This is no accident – at the turn of the 20th century, Julia Tuttle explicitly denied Flagler the right of way through what is now Victoria Park, having recognized it as one of the most beautiful and pristine areas in South Florida. Its elegant oak hammock, prime waterfront, and gorgeous climate had made it – as to this day – the crown jewel of the burgeoning new city.
 
Given its reputation with one of South Florida’s most renowned figures, Victoria Park unsurprisingly became the epicenter of the area’s growth during the famous Florida land boom of the 1920s. Thousands of people flocked to the area to start a new life in the rapidly-developing region, and many of the classic Victorian-style homes of the era still remain, being among the finest in Fort Lauderdale Real Estate. The neighborhood continues to maintain its status as one of the most luxurious and attractive communities in the city, if not South Florida.
 
To learn more about Fort Lauderdale and the amazing opportunities it has to offer, contact Gayle Borden, the region’s leading Realtor, at 954-525-3355. Gayle Borden is an award-winning real estate specialist who has been recognized for being among the top 0.25 percent of all Coldwell Banker Residential Sales Associates in Florida and worldwide.   Her effectiveness, professionalism, courteousness, and success have earned her recognition as one of America’s Most Referred Realtors, in addition to being the recipient of multiple Service Excellence Awards.


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