# Real Estate Prices Rise But Fort Lauderdale Realtor

Fort Lauderdale area property costs are on a huge upswing and you will see the news almost everywhere you look. From the Real Estate part of the neighborhood Fort Lauderdale newspaper that for year has spent many pages on gloom and doom, to the signs facing local property offices which are covered with positive accolades about the neighborhood property market. It appears that on many levels the underside has passed and happy days are here again for the sellers of Ft Lauderdale Real Estate... but maybe, not fast!

Just like there was an ideal storm of events that burst the bubble on the true estate boom. There appears to be some events which have fueled a fast reversal in prices that simply may not last. I want to get to the stage with this Fort Lauderdale Real Estate article before I even explain my theory further.

I don't expect the exuberant price increases to continue, I expect you'll see a leveling off and a return to a well balanced market!

It's a great time to be a buyer of South Florida Real Estate, and if you are a buyer its time to come to grips with the truth that you missed the bottom. Now maybe the time for you to start working closely with a Fort Lauderdale **[Top Miami realtors](https://www.studiokhora.com/architects-realtors)** to find a good deal before the next rise in prices, prices you from your dream home.

Now that individuals got right to the stage, let's discuss why the quick upswing in prices and somethings that can slow down the dramatic shift. To start I must quote Gary Keller, not sure of it had been original but it had been from him that I heard it, " the pendulum swings fastest at the bottom", and that's certainly happened. Large hedge fund investors in the Fort Lauderdale market have now been buying property at a feverish pace, and often paying over market value driving prices up? The rumors are they're not renting these homes as quickly because they thought and are reducing on these purchases. I don't think this can hurt the marketplace by itself as there are numerous smaller investors ready to buy all the distressed homes that can come to market and bidding wars will remain a norm.

Fort Lauderdale Real Estate force #2, the cranes are moving again within the City of Fort Lauderdale. You still can't sell a condo or perhaps a home for what it will definitely cost to build however the gap is closing quickly. In Fort Lauderdale where vacant land is simply speaking supply we have seen the return of the average person home owners prepared to build. You can find people building their personal dream homes at all levels of the neighborhood real Estate market. In addition 1000's of new rental properties are still under construction in the city. These could slow down the marketplace by causing a drop in rents, forcing smaller investors to drop their sale prices and creating a sequence reaction to greatly help level the playing field. Certainly this isn't a good or bad thing; it is merely another among the forces facing our market.

Last however, not least in Broward County we still have approximately 40,000 properties at some point of foreclosure. Centered on some new laws the banks have experienced to regroup in order to be successful inside their foreclosure actions. But because they do return to court and these actions do start to maneuver forward, and property does become available it will certainly cause some downward pressure on pricing.

As I view it, great days are ahead for the Fort Lauderdale Real Estate market, but at this point is was time for only a little reality check! This is not enough time allowing a market very short on inventory to cause you to become reactive buyer. Its time for you to identify everything you are looking for and wait for an ideal home ahead your way. It's the time for you to be diligent and watch prices and interest rates so you possibly can make a decision that is right for you and your family.