From the category archives:

Real Estate Market Updates

Banks getting the short sale message finally!

by Rodney Forbes on May 22, 2009

  The following excerpt from an article in the Press-Enterprise is welcome news for people who have been trying to facilitate short sale transactions. Whether it’s the buy, seller or Realtors involved, short sales have a bad reputation when it comes to getting the sale complete. I guess the banks are finally stating to realize […]

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Pending Home Sales Continue to Increase

by Rodney Forbes on May 21, 2009

This video from the National Association of Realtors highlights the continuing increase in pending sales for the US. In the real estate industry this index is seen as a leading index of the market to come WARNING: Videos with economists are not full of special effects and sexual content! But they are informative. Just get […]

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This is the daily south Florida market update. Today’s update is for West Palm Beach. Market activity has really picked up due to record low interest rates, home prices at 2003-2004 levels and the efforts by the federal and state governments to get first time home buyers to make the move. Short sales and distress, […]

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Rodney Forbes with his daily market update for the south Florida real estate market. Today’s report is on Palm Beach Gardens for May 5, 2009. Information on homes for sale as well as activity and foreclosure/short sale numbers. If you are interested in buying or selling a home in the Palm Beach County area, specifically […]

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Beware of Foreclosure Assistance Letters

by Rodney Forbes on May 6, 2009

This video presents the worst case scenario for homeowners in distress. They fall behind on payments and become victims of “foreclosure rescue” rip off artists. Hopefully things will work out alright for this couple. It stands as a lesson for others in the same situation. If you or someone you know is in this situation, […]

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See…I told you so!

by Rodney Forbes on May 5, 2009

The national news finally seems to be catching on to what I’ve been saying for the past several months. The south Florida real estate market has been quietly making progress to recovery, even as the national press predicted gloom and doom ahead. Pending home sales rose in March for the second consecutive month and are […]

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Warren Buffett bullish on real estate?

by Rodney Forbes on May 5, 2009

In the following excerpt from the Wall Street Journal, Warren Buffett is making comments on the current real estate market at the annual convention for Berkshire Hathaway. It’s a welcome relief that even the world’s most successful investor sees light at the end of the tunnel for the real state market. In the last few […]

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Florida Real Estate: Back to the Future

by Rodney Forbes on May 2, 2009

James L Butkiewicz At the dawn of the 20th century, fewer than half of all households in the United States owned their own home. Fueled by rapid income growth during the 1920s, home ownership increased to 47.8% in 1930 from 46.5% in 1900 but then declined to 43.6% in 1940. An obstacle to homeownership at […]

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More biotech jobs moving to Palm Beach Gardens

by Rodney Forbes on May 1, 2009

The following article shows the benefits to the local economy of having the Scripps Florida facility. My guess is more biotech firms will continue to relocate to Palm Beach Gardens. This is great news for the county and the real estate market as well. Palm Beach Gardens is getting a new bioscience company that is […]

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Palm Beach the New Las Vegas..Not Yet

by Rodney Forbes on May 1, 2009

I enjoyed this article excerpt from the Palm Beach Post. For years the gaming dollars have been going south of Palm Beach County. Maybe the politicians have finally realized we can keep the revenue in the county. It’s too bad there has to be so much political posturing and games being played (no pun intended) […]

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