September 2015

There are 2 blog entries for September 2015.

Mizner Trail Golf Course back On The Market For Sale

Another year passed by and construction crews have yet to start work on the defunct Mizner Trail Golf Course. Close to Boca Raton, this 130-acre space has yet to see any new building or even landscaping. The fairways and putting greens are still an eyesore after Developers had the green light to move forward with their plans one year ago. The area remains untouched.

Neighborhood groups banded together to oppose the development. But they failed to appeal the final decision in February. The plan for new construction was set to move forward, but after ten years of overgrown brush residents are not holding their breath. Once a great attraction for home buyers in this desirable Boca Del Mar community,

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Properties coming to the market are being priced at record highs. Experts watching the economy state that these prices are not indicators of another market crash on the horizon. The term “housing bubble” is a scary one, but that is not what is happening today.

CoreLogic reports that two times as many urban markets are overvalued. This means that prices are inflated compared to the incomes of people looking to buy in these areas. This is a comparison between the second and first quarter numbers of this year. The values on these homes are not expected to fall anytime soon, which is the opposite of what a bubble is. Bubbles eventually burst. These home prices are high because there is limited inventory in desirable areas. Not because of sketchy selling

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