Happy Labor Day!

I am so busy working that I have not had any time to write (or even come up with!) an intelligent post, but then – who would ever accuse me I did? ;-D

At the very least I can post a decent photo. Zero correlation to modern architecture, but then, not everything can have that.

This was by the way an unarranged shot, taken in early summer on Avalon beach, NJ, with a Canon S110.

We will be charring some burgers and relaxing with friends – hope you can kick back too. To a Happy Labor Day weekend!

The South Florida Housing market in July; Happy Labor Day Weekend!

The South Florida market for single family homes in July was lame, for lack of a better word, probably because of the brooding heat: slightly lower asking and selling prices, with a finally stable inventory on a low level. This is still baffling, as low inventory should lead to higher prices, but mostly it just doesn't.

Mostly means exceptions, and in some market segments there are plenty of them: waterfront condos, modern waterfront homes in all price ranges, especially in the luxury segment above $2m, and affordable homes in good location all experience increases, some massively so. This month alone, several buyers I work with missed out because they were not prepared to accept the price increases or believed they had a better understanding of the market than professional market participants do.

Overall however, it is quiet, and August will not be much different I believe. The numbers and the graph for July:

Until next time, I hope you will enjoy a relaxed Labor Day weekend!