A Year in Review | Factors Affecting the Real Estate Market

In April 2010 I posted a report on 5  factors that significantly affect the real estate market.

The subject areas were:

  1. Unemployment
  2. Consumer Confidence
  3. Inventory of Homes
  4. Shadow Inventory
  5. Government  Stimulus and Support

This is an update on that report, one year later.

Unemployment rate April 2011 8.8 a decline from 12.5%o f the total US population.

Consumer confidence has been gaining strength over the last seven months. According to Wikipedia Consumer the   Consumer Confidence Index (CCI) is

The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure  consumer confidence  which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending.

Inventory of  homes nationwide  is 8.6 months supply, according to the National Association of Realtors. According to the  US Census Bureau  and The Department of Housing and Urban Development the median sales price of new houses sold in March 2011 was $213,800; the average sales price was $246,800.

According to Corelogic the shadow inventory, as of January 2011 rate is a  9 months supply. The same as January 2010. The shadow inventory “illustrates the distressed pipeline that has to filter through the market before the market is normalized,” Sam Khater, chief economist for CoreLogic.

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April 2011| REIDMail Newsletter

…To View Our April Newsletter, REIDMail  Click Here…

For updated information on the Real Estate Market In Broward County,  Fort Lauderdale and Davie, Florida


5 Tips When Choosing A Moving Company

Bart and Patti Reid Realtors In Florida 954.306.7414

A part of real estate home ownership is eventually, probably, sooner or later… you will want to move.

If downsizing  your home and lifestyle has been decided, what are your next steps in moving? 

Today I would like to discuss moving companies.

 

We have all seen the horrific television reports about this service. Damaged items are one thing but I draw the line when belongings are held hostage. 

 The  ploy is played out in this manner.

  • A homeowner is quoted a  price to moving their personal items
  • Your belongings are packed  and loaded into a moving truck
  • Upon delivery the fees escalates beyond belief…. your personal items and belongings, my friend, have been kidnapped!

 

Yes you have fallen captive in a moving company nightmare. 

1. Ensure you several  obtain quotes. Ask your friends and family for recommendations. A good source for  posting your  query is Facebook.

2. Get your quotes in writing. Compare like with like, meaning services offered, timeframes involved and COSTS. If something is unclear in the quote, ask the company, in an email to clarify your question.

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Forest Ridge Spring Fling 2011

I hope you enjoy this video from our ” Spring Fling” from Forest Ridge  in Davie.

The Egg Hunt  which took place on April 16, 2011. It was very well attended. Diana Paul, Chairperson and  the volunteers think there were about 500 children there, plus their parents.  It was a balmy day, the rain held out until after the event.  

Each child was given a bag of candy afterward. There were three winners who found Golden Eggs and three winners who found Silver Eggs.  

 

 
This year we will be celebrating Easter with my sister who is visiting from Toledo, Ohio.  After church we will get on our bathing suits and jump in the pool.  There won’t be any traditional Easter foods .. just sun and sand.  We used to do the whole big meal thing when our  kids were young but nowadays we’d rather go to the beach! 
 
Have a good weekend from both of us in South Florida!
 

New Listing -2150 NW 99th Way, Sunrise

We just took another home for sale in Sunrise, Florida.

This town-home is located in Park Terraces.  If you are looking for a home with great access to major roads this might be just for you. As you can see the Park Terraces has easy access to the Sawgrass Expressway, I 595, University Drive and Florida’s Turnpike ( although this might be too great a distance for  a daily commute.

2150 NW 99Way, Sunrise Florida Listed by Patti Reid 954.306.7414

 

2150 NW 99th Way Sunrise Florida listed for sale by Patti Reid EWM Realtors 954.306.7414

2150 NW 99th Way , Sunrise Florida

Vaulted Ceilings

Patti Reid Listing 954.306.7414 (more…)