The Housing Picture

Here is an update or a look at the Real Estate status in Broward County. Prices are still falling. Out of the 50 some odd homes in the list in Jacaranda, more than 30 had price reductions.

The number of short sales (Selling for less than is owed and the lender agrees to take a loss) and foreclosures are keepin the prices low.

Great time to buy and hold, tough time to sell. Keep in mind, though, that your home went up in value anywhere from 20 to 30% for two years!