Home Sales: Florida's February Home Sales Rise on Low Prices

Full story: South Florida Sun-Sentinel

South Florida home sales continue to climb as bargain prices and low interest rates make more buyers willing to take the plunge.

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Keep falling baby

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#1
Mar 23, 2009
 
Case in point: There's a property in Silver Lakes in Broward county that sold on March 28th 2008 for $500,000. The property fell into foreclosure and just sold last week for $276,000
DAS

United States

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#2
Mar 23, 2009
 
Only a fool would buy NOW..........Its all FAKE......A TRAP
joe

Dunedin, FL

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#3
Mar 23, 2009
 
DAS wrote:
Only a fool would buy NOW..........Its all FAKE......A TRAP
RIGHT
Suzanne the Researcher

United States

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#4
Mar 23, 2009
 
See, I told all of you. This market has already started to blossom and is poised to skyrocket again. 2005 prices will return by the end of the decade!

As a RealtorĀ®, I've been doing a lot of research lately on the South Florida real estate market. I've come to the following Top 10 conclusions:

1. They are not building any more land.

2. More than 1,000 people a day move to Florida.

3. The Baby Boomers are retiring soon and will be moving to Florida in droves.

4. Rich foreign investors will also be snapping up properties like crazy thanks to the weak dollar.

5. Save Our Homes portability makes it easy for long-time homeowners to move. They too will start snapping up properties like crazy.

6. Once the tax-swap plan (Amendment 5) and the tax credit plan for new homebuyers passes, low property taxes will encourage first-time homebuyers and investors to join the buying spree.

7. Interest rates are at historic lows and will definitely increase in the coming months. That means you won't be able to afford to buy a home few months from now.

8. That whole foreclosure "crisis" is simply fictitious propaganda being spread by the conspiratorial mainstream media that is intent on destroying the real estate market. Sure, there are a few deadbeats here and there, but it's hardly a crisis.

9. We have definitely, without a doubt, hit an absolute bottom. Now, real estate prices will definitely, without a doubt, start the upward trajectory of the "V" that it always follows.

10. And, most importantly, South Florida is paradise and you can't put a price on paradise.
Here Kitty Kitty

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#5
Mar 23, 2009
 
Do you think this Dead Cat Bounce has anything to do with the two dead cats they found in the Boca teacher's apartment?
omg

Miami, FL

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#7
Mar 23, 2009
 
DAS wrote:
Only a fool would buy NOW..........Its all FAKE......A TRAP
keep living in mom's trailer loser
omg

Miami, FL

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#8
Mar 23, 2009
 
Suzanne the Researcher wrote:
See, I told all of you. This market has already started to blossom and is poised to skyrocket again. 2005 prices will return by the end of the decade!
As a RealtorĀ®, I've been doing a lot of research lately on the South Florida real estate market. I've come to the following Top 10 conclusions:
1. They are not building any more land.
2. More than 1,000 people a day move to Florida.
3. The Baby Boomers are retiring soon and will be moving to Florida in droves.
4. Rich foreign investors will also be snapping up properties like crazy thanks to the weak dollar.
5. Save Our Homes portability makes it easy for long-time homeowners to move. They too will start snapping up properties like crazy.
6. Once the tax-swap plan (Amendment 5) and the tax credit plan for new homebuyers passes, low property taxes will encourage first-time homebuyers and investors to join the buying spree.
7. Interest rates are at historic lows and will definitely increase in the coming months. That means you won't be able to afford to buy a home few months from now.
8. That whole foreclosure "crisis" is simply fictitious propaganda being spread by the conspiratorial mainstream media that is intent on destroying the real estate market. Sure, there are a few deadbeats here and there, but it's hardly a crisis.
9. We have definitely, without a doubt, hit an absolute bottom. Now, real estate prices will definitely, without a doubt, start the upward trajectory of the "V" that it always follows.
10. And, most importantly, South Florida is paradise and you can't put a price on paradise.
you are on the opposite end of the retard spectrum from DAS, yet still are as equally and hopelessly moronic.
Joe the Citizen

Miami, FL

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#9
Mar 23, 2009
 
This reminds me of Circuity City's going out of business sale. People saw the signs go out of business and rush to Circuity City to buy up stuff that was still over priced.(They put everything back to regular price then took 10% off and 30% off stuff people don't need, and idiots came to the store and bought up stuff) the store was filled with people. I was a USB 2GB flash for 24.90 with an addition 10% off and at Wal-mart the same flash drive was 9.89??? People are stupid!
Buying over priced houses now that they are half off their overly ridiculous price (but still not their normal price they should be, they think they are getting a sweet deal cause it was worth $500,000; becuase some 'guy' said they was the price. If you look into what the bank paid for it, you be surprise how much money they are making off of stupid people now.
I was looking as a community that a bank bought almost every foreclosed house there for 100k then turn around and sale to dumby for 245K, 278K, lowest was 210K. I'm sure they told them that last year they were worth 400K and they would go up soon. Price wouldn't stay this low every again.

Think about it people, if they bought it for 100k and sold for an avergare of 2.5x it worth.(How much is it really worth?) When you sell something you don't make 200% profit on it?

Something is wrong with the system. The banks are buying other banks foreclosure, so basically they are trading around property for a profit at the cost to us. ie. Bank X sale you a house for 400k, you pay the interest first, so you pay the bank its money.. you lose your house, Bank X take your house then sales it to Bank Y for 100K. Bank Y then turn around and sales it to someone else for 278K. Then Bank X buy property from Bank Y for 100K and sales that too. <wink wink> Both Bank Y and Bank X gets stumulus money. We get a big stick up the where the sun don't shine Rich get richer and the taxpayer are stupid.

I feel sorry for what going to come. The house of cards is about to falling, and no one can stop it. People making money out of thin air (INFLATION). The this money transfer from us (taxpayer) to the rich. It's almost like the store is closing and the manager is getting out with 2 52 inch HDTV, leaving the employee pink slips.
The Verminator

Fort Lauderdale, FL

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#10
Mar 23, 2009
 
30% increase in sales! How many were foreclosures that the banks were taking title to? For a better picture of the Real Estate Market, go to www.patrick.net Over 20,000 READERS daily! Find out why. Very interesting site.
joe

Dunedin, FL

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#11
Mar 23, 2009
 
Hey Suzanne the Researcher
You are a Realtor, who is going to believe you.
Suzanne the Researcher

United States

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#12
Mar 23, 2009
 
omg wrote:
<quoted text>
you are on the opposite end of the retard spectrum from DAS, yet still are as equally and hopelessly moronic.
You hurt my feelings.

Here I am, doing valuable research for the public at large and all you can do is maliciously insult me.

What are you doing to contribute to the conversation other flinging pathetic, sophomoric taunts at kind people like me?
omg

Miami, FL

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#13
Mar 23, 2009
 
Suzanne the Researcher wrote:
<quoted text>
You hurt my feelings.
Here I am, doing valuable research for the public at large and all you can do is maliciously insult me.
What are you doing to contribute to the conversation other flinging pathetic, sophomoric taunts at kind people like me?
I am pointing out the obvious--that you are nuts. When you make sophmoric and pathetic market observations, you open yourself up to painful ridicule. It's not really my fault--it's yours for inducing me with your drivel to bestow ridicule upon you. I had no choice, as you left me with none. Shame on you.
omg

Miami, FL

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#14
Mar 23, 2009
 
Joe the Citizen wrote:
This reminds me of Circuity City's going out of business sale. People saw the signs go out of business and rush to Circuity City to buy up stuff that was still over priced.(They put everything back to regular price then took 10% off and 30% off stuff people don't need, and idiots came to the store and bought up stuff) the store was filled with people. I was a USB 2GB flash for 24.90 with an addition 10% off and at Wal-mart the same flash drive was 9.89??? People are stupid!
Buying over priced houses now that they are half off their overly ridiculous price (but still not their normal price they should be, they think they are getting a sweet deal cause it was worth $500,000; becuase some 'guy' said they was the price. If you look into what the bank paid for it, you be surprise how much money they are making off of stupid people now.
I was looking as a community that a bank bought almost every foreclosed house there for 100k then turn around and sale to dumby for 245K, 278K, lowest was 210K. I'm sure they told them that last year they were worth 400K and they would go up soon. Price wouldn't stay this low every again.
Think about it people, if they bought it for 100k and sold for an avergare of 2.5x it worth.(How much is it really worth?) When you sell something you don't make 200% profit on it?
Something is wrong with the system. The banks are buying other banks foreclosure, so basically they are trading around property for a profit at the cost to us. ie. Bank X sale you a house for 400k, you pay the interest first, so you pay the bank its money.. you lose your house, Bank X take your house then sales it to Bank Y for 100K. Bank Y then turn around and sales it to someone else for 278K. Then Bank X buy property from Bank Y for 100K and sales that too. <wink wink> Both Bank Y and Bank X gets stumulus money. We get a big stick up the where the sun don't shine Rich get richer and the taxpayer are stupid.
I feel sorry for what going to come. The house of cards is about to falling, and no one can stop it. People making money out of thin air (INFLATION). The this money transfer from us (taxpayer) to the rich. It's almost like the store is closing and the manager is getting out with 2 52 inch HDTV, leaving the employee pink slips.
Sure--tell this to all the rich folk who are losing their jobs and seeing their equity holdings become worthless. If only Cindi the pooch groomer was able to make the mortgage payments on that condo that cost five times her annual salary, then the rich wouldn't have to suffer. But all the Cindi's out there got blinded by greed, and now we are all paying the price.
Jeff

Palm Beach Gardens, FL

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#15
Mar 23, 2009
 
To the news media, "Well, We're Waiting" for you to find the worst possible light to announce this news in.
So those of us who did not buy on speculation, and have stayed in our homes for years have a chance to sell for what we would have gotten at this point in time without the "bubble"
12 years in home, value is 3.5+ times what we paid. And that is non-bubble pricing. Still not a bad investment
Suzanne the Researcher

United States

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#16
Mar 23, 2009
 
omg wrote:
<quoted text>
I am pointing out the obvious--that you are nuts. When you make sophmoric and pathetic market observations, you open yourself up to painful ridicule. It's not really my fault--it's yours for inducing me with your drivel to bestow ridicule upon you. I had no choice, as you left me with none. Shame on you.
You're just underestimating my amazing research skills. Armed with MLS data and studies done by analysts at FAR and NAR, my research is beyond reproach.
MOJO

Atlanta, GA

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#17
Mar 23, 2009
 
Suzanne the Researcher wrote:
See, I told all of you. This market has already started to blossom and is poised to skyrocket again. 2005 prices will return by the end of the decade!
As a RealtorĀ®, I've been doing a lot of research lately on the South Florida real estate market. I've come to the following Top 10 conclusions:
1. They are not building any more land.
2. More than 1,000 people a day move to Florida.
3. The Baby Boomers are retiring soon and will be moving to Florida in droves.
4. Rich foreign investors will also be snapping up properties like crazy thanks to the weak dollar.
5. Save Our Homes portability makes it easy for long-time homeowners to move. They too will start snapping up properties like crazy.
6. Once the tax-swap plan (Amendment 5) and the tax credit plan for new homebuyers passes, low property taxes will encourage first-time homebuyers and investors to join the buying spree.
7. Interest rates are at historic lows and will definitely increase in the coming months. That means you won't be able to afford to buy a home few months from now.
8. That whole foreclosure "crisis" is simply fictitious propaganda being spread by the conspiratorial mainstream media that is intent on destroying the real estate market. Sure, there are a few deadbeats here and there, but it's hardly a crisis.
9. We have definitely, without a doubt, hit an absolute bottom. Now, real estate prices will definitely, without a doubt, start the upward trajectory of the "V" that it always follows.
10. And, most importantly, South Florida is paradise and you can't put a price on paradise.
YOU are so wrong if you believe this hype.
With unemployment skyrocketing, how is it still possible for the housing market to rise.
If $10 is top salary for Florida, how are they affording the house? Maybe on layaway.
I will say maybe the foreign investors might be buying, but they lost alot in the stock market so its still hard to believe.
There is still alot of land out there, find it hard to believe homebuilders would stop building when the econmomy gets better.So your telling me they would go out of business then??
Joe the Citizen

Miami, FL

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#18
Mar 23, 2009
 
omg wrote:
<quoted text>
Sure--tell this to all the rich folk who are losing their jobs and seeing their equity holdings become worthless. If only Cindi the pooch groomer was able to make the mortgage payments on that condo that cost five times her annual salary, then the rich wouldn't have to suffer. But all the Cindi's out there got blinded by greed, and now we are all paying the price.
When I talk about rich I think I should have said wealthy... I'm not talk about Rapper, movier star, NBA player.. Or the guy making 250K a year rich.. Those people are poor compare to the "rich" I was refereing to.. You know the 1% that OWNS the us, has the Goverment in their pocket.. That RICH!!..

Then again.. those people you talked about.. Cinidi.. they are the dumby that going to go to Circurity City to get buy the $24 Flash drive cause she sees a 10% off on it and going out of busniess.. That's my hold point. We get dumb down by the the media, to watch people with millions of dollars in their pocket to want to be like them. Well, the People who run the world (Wealthy) are the one getting our money. Trillionaires, telling, billionaires telling millionaires etc... what to do.

We are sheep, I myself included. We looking to other people to solve our problems. Obama will fix it.. someone will make it work again.. But the problem cames from greed (want for power). You're right Greed is what is making this mess, but it's not just Cinidi. The Banks are greedy, Wallstreet is greedy, AIG is greedy, everyone who wants money is the cause, because we are all greedy. But there are wealthy individual who are greedy and evil. They care about us as much as we care about what happening in Afirca. You really think the government care for us? As long as we do what they say and don't get in the way of their money collecting; they could careless about Cinidi, Joe, or Lebron James. Trust me the "rich" or wealthy are not suffering. We are, but not them.

The hold point is that the system we live in now is broken. and is about to crash is they can't tape it up. but way would we want to tape this system up anyways. Look at what the bank are doing now, trading houses with eachother for nothing, then jack up the price to see what sucker going to buy it because they think they are getting a great deal. When they are comparing it to those crazy prices of last 2 years.
Suzanne the Researcher

United States

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#19
Mar 23, 2009
 
MOJO wrote:
<quoted text>
YOU are so wrong if you believe this hype.
With unemployment skyrocketing, how is it still possible for the housing market to rise.
If $10 is top salary for Florida, how are they affording the house? Maybe on layaway.
I will say maybe the foreign investors might be buying, but they lost alot in the stock market so its still hard to believe.
There is still alot of land out there, find it hard to believe homebuilders would stop building when the econmomy gets better.So your telling me they would go out of business then??
$10 a hour is top salary in Florida? Really?

My research shows otherwise.

As for builders, they still haven't stopped building. For instance, check out awesome projects like the Tao Condominiums in Sunrise. With the lack of land, they're building UP now with the limited land left. Why else would they build 26-floor residential buildings in West Broward if builders weren't really running out of land?

Since: Jun 08

United States

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#20
Mar 23, 2009
 
Suckers rally...just like today's stock market.

Since: Jun 08

United States

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#21
Mar 23, 2009
 
Suzanne the Researcher wrote:
<quoted text>
You hurt my feelings.
Here I am, doing valuable research for the public at large and all you can do is maliciously insult me.
What are you doing to contribute to the conversation other flinging pathetic, sophomoric taunts at kind people like me?
No Suzanne. That other poster stated their opinion, just like you. Don't like it? Leave.

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