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Real Estate Advice
Real Estate Advice

 
Wednesday, October 24, 2012
Fort Lauderdale is infamous for canals and intracoastal neighborhoods with waterfront homes and large yachts. Fort Lauderdale has many neighborhoods in the middle of the city’s action however they also have an exclusive and unique feel of suburban living, due to the natural beauty of the surroundings. Residents enjoy the best of both worlds; vibrant nightlife, easy commutes to downtown, and large private waterfront lots. In many neighborhoods in Fort Lauderdale you will find wide sidewalks, and plenty of room for children to play in the streets. Rio Vista is our neighborhood this week. It is a short drive to downtown, and a stones throw from the European thoroughfare Las Olas Boulevard, and the SE 17th Street Causeway. The homes in Rio Vista offer easy access to the Intracoastal Waterway and are minutes away from the Inlet and the Atlantic Ocean. It is also conveniently located to the Fort Lauderdale airport as well. Its’ streets are tree lined and the real estate located in this neighborhood is some of the most coveted in Fort Lauderdale.
Within its’ bounds are 1,000 homes that rarely come on the market. Developer C.J. Hector started this neighborhood at the end of World War 1 was and it was originally named New River. Rio Vista is translated into New River in Spanish. The style of homes varies today, however many were originally designed by architect Francis Abreu. These homes are distinctive due to their Mediterranean details, and some are still standing today. Another housing boom brought a new style of homes during the 1950’s and these are ranch style with flat roofs and one story. Some ranch houses are still on the market, however many were torn down to make way for new construction. Virginia Young Park is in the center of the neighborhood since the beginning and it continues as a play area for neighborhood children. Listings in this neighborhood are from just above half and million dollars to the multi-million dollar range. For more information on available listings in this incredible Fort Lauderdale neighborhood, contact me today.
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Wednesday, October 17, 2012
Fort Lauderdale is known as “The Yachting Capital of the World”and once a year the entire city dons its nautical stripes for the International Boat Show. This is the 53rd show and it will run from October 25-29. The exhibitors range from yacht builders, ski boats, jet skis, motor yachts, cabin cruisers, express cruisers, trawlers, canoes, and even exotic cars and private airplanes! There are seminars as well for industry insiders. The boat show literally takes over the town with 6 locations and 3 million square feet of exhibit space. In order to navigate the immensity of the show there are water taxis, bus shuttles, and riverboats. Whether you are a seafarer or merely curious about the spectacle, this is a must see event. This year they added attractions such as The Blue Wild Dive Show, IGFA’s School of Sportfishing and Hook the Future’s Kids Fishing Clinic. Below is the schedule of events. While you are enjoying the views of the boats, if you see a home that strikes your fancy, contact me for more information!
BOAT SHOW SCHEDULE
October 25-29, 2012

Prime Time Preview:
Thurs. Oct 25, 10am - 7pm

General Admission:
Fri. Oct 26, 10am - 7pm
Sat. Oct 27, 10am - 7pm
Sun. Oct 28, 10am - 7pm
Mon. Oct 29, 10am - 5pm
SHOW ADMISSION
Prime Time Preview (Thurs. Oct.25) -
$34 Online and $36 on Show Site

2-Day Ticket
$36 Online ($38.00 at show)

General Admission
Adults -
$18 Online ($20.00 at show)
Children, ages 6-15 -
$3 Online ($5.00 at show)
Children under 6 - Free
Order Your Tickets Online Now

Tickets (cash only, but ATM’s are nearby) are also available from the box office at the following locations on the days of the show: Bahia Mar Yachting Center, Las Olas Marina, Las Olas Riverfront (downtown Fort. Lauderdale),
Broward County Convention Center. There are no ticket sales at the Hall of Fame Marina, The Sails and the Ft. Lauderdale Hilton Marina.
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Friday, October 5, 2012
The Federal Reserve announced it would buy 40 billion in mortgage backed securities per month last month in an effort to ease the cost of home buying and home owning. As a result, the averages for both the 30 year and the 15 year fixed rate mortgage have continued to drop. Mortgage Finance backer, Freddie Mac announced that the 30 year fixed rate mortgage dropped this week to 3.36% from 3.40% last week. Further, the 15 year fixed rate mortgage slid to 2.69% from 2.73% last week. Buying a home literally has never been more affordable, and this is excellent news in terms of economic recovery.
The reason the Federal Reserve buys these mortgage securities is for the purpose keeping the interest rates low to produce optimum conditions for home buyers, a practice called quantitative easing. When people are buying homes, it shrinks the inventory of available homes, thereby increasing development of new projects, which leads to increased spending, and finally, to more hiring. This is proving to work, since we have witnessed dramatic increases in existing home sales and new construction, and a dramatic reduction in inventory, most particularly in Fort Lauderdale and South Florida. Home prices nationally are back where they were nine years ago and continue to rise. Home prices are on the rise, though still well below the peak prices in 2005, and acquiring financing has never been more affordable. For information on home buying in Fort Lauderdale or if you are interested in selling, please contact me directly.
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