Broward Foreclosure Auctions Update And Trends For 2022

Broward County has seen some major changes within the past year in terms of increase in median home prices, population growth, as well as economic development. The impact of these changes has not been restricted to the traditional real estate sphere but has also extended to the foreclosure auctions scene as well. 

Foreclosure auctions in the initial five months of the year have not followed a steady pattern. Rather, there have been variations with January sporting a significantly high figure before experienci... read more

Anyone in the market looking to purchase a home will tell you that inventory is tight. Even in South Florida, which was one of the regions hit hardest by the crash of the housing market, homes are being gobbled up almost as fast as they are put on the market, either by people who plan to live in the home or by investors. Wall Street investors and foreign investors are able to come to the table with all-cash offers, making it difficult for the average buyer to compete. Part of the problem lies with banks which have continued to hold tight to their foreclosures, fearing that if they let loose it will flood the market resulting in a pricing plunge. Right now, prices are on the rise and are expected to continue to increase, even as interest rates tick upward. As a result, potential homebuyers are seeing their window of opportunity begin to close if they want to find a deal. That doesnt mean that lenders arent f... read more