Georgian Oaks - New home community in Fort Lauderdale, Florida

Are you in the market for a new home in Ft Lauderdale for less than $400,000?? If so, Georgian Oaks is the community for you. Located in East Fort Lauderdale, within close proximity to the beach, Ft Lauderdale/Hollywood Int'l airport and major highways.  

Georgian Oaks - Water Oak Model

Prices start at $389,900 and increase to $439,900 for the largest model, the Water Oak.   

You can choose from a vareity of models including 3, 4 & 5 bedroom homes. The smallest home in Georgian Oaks is 2,754 of living space and the largest is 3,300 sq ft of living area.  All have 2 car garages, granite kitchens and wood cabinetry.   

The community only consists of 35 homes, and as of today, there are 24 homes sold.  If you act quickly, you still have time to select your upgrades.  Contact us at 954-653-5000 to schedule an appointment to view one of Georgian Oaks fine homes.

Report: S. Fla. home prices rise in June | House Keys blog

Report: S. Fla. home prices rise in June

By Paul OwersAugust 27, 2012 05:23 PM

Home prices in South Florida and across the nation increased in June, offering more hope that the housing market is recovering from the six-year bust.

Prices in Palm Beach, Broward and Miami-Dade counties rose 1.6 percent in June from May and 4.4 percent from a year ago, figures from the Standard & Poor's/Case-Shiller home price index show.

It’s the sixth consecutive month that prices have increased annually in the three counties. Prices have climbed on a monthly basis since December.

The 19 other major metro areas covered by the index saw monthy improvement, while 12 other metros had year-over-year price gains.

"We seem to be witnessing exactly what we needed for a sustained recovery; monthly increases coupled with improving annual rates of change," David M. Blitzer, chairman of the index committee, said in a statement Tuesday. "The market may have finally turned around."

Case-Shiller tracks prices of the same house over time. Analysts say that’s a better measure than releasing a median price for homes sold in a month, as local Realtor trade groups do. The index does not include condominiums and trails Realtor data by a month.

July figures from local Realtor boards released last week showed that median prices were up in Palm Beach and Broward counties. Strong demand is cutting into the supply of available homes and helping to raise prices.

Report: S. Fla. home prices rise in June | House Keys blog

Hurricane Preparedness : Storm Surge

With Isaac lurking out in the Atlantic, it is important to revisit essential safety steps for you and your family. Click on the video link for more useful information.

Hurricane Preparedness : Storm Surge

Zillow: Buying better than renting in three years or less | House Keys blog

For many people in South Florida and across the nation, buying a home beats renting in three years or less.

Real estate website Zillow.com analyzed the break-even point – the amount of time it takes before owning is better financially than renting. Buyers in West Palm Beach and Miramar break even in 1.4 years, while it takes a little longer in Fort Lauderdale – 2.8 years.

The South Florida area -- which includes Palm Beach, Broward and Miami-Dade counties -- is tied with six other major metros for the shortest amount of time -- 1.6 years.

To find out what the magic number is in your city, click here.

Big price declines during the housing bust and a rise in rental rates have made buying an attractive option these days.

“This is the first analysis of metros and cities that presents the buy-versus-rent decision in an intuitive way, by telling consumers how long they must live in the home before buying breaks even with renting financially," Zillow Chief Economist Stan Humphries said. "It's much more understandable, and therefore useful, than the abstract notion of a simple ratio of prices to rents."

To follow Paul Owers on Twitter, click here.

Categories: Housing costs (4), Zillow.com (27)

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Zillow: Buying better than renting in three years or less | House Keys blog

Snagging a low mortgage rate requires steady paycheck, good credit

Since the mortgage crisis, qualifying for a home has become a more difficult task.  While in no way is it out of reach, in order to receive the current low rates, a borrower must have a stable income + good credit.

Snagging a low mortgage rate requires steady paycheck, good credit

RealtyTrac: Foreclosures up in the first half of the year | House Keys blog

RealtyTrac: Foreclosures up in the first half of the year | House Keys blog

Mortgage interest rates plummet to new lows -- some below 2.9%

Average interest rates plummeted to new historic lows, this week for both 30- and 15-year fixed-rate home loans, Freddie Mac reported Thursday.


The average 30-year fixed rate fell to 3.62 percent this week. Last week, it was at  3.66 percent. The mortgage rate has matched or hit a new record low in 10 of the last 11 weeks, Freddie Mac reported Thursday. The 30-year fixed rate loan has remained below 4 percent since December, with the exception of one week, according to Freddie Mac. Last year at this time, the average rate was at 4.6 percent.




                                                     Mortgage interest rates plummet to new lows -- some below 2.9%