This Week in Comments

South Florida residential market won’t rebound until 2030
Obviously it doesn’t make sense to buy in the South Florida market until 2031.

PBC sees 60% surge in foreclosure filings
More good news for Florida!

How accurate are Zillow.com’s “Zestimates”?
They are not designed for urban areas. They are designed for places like Kalamazoo, Mich.

Foreclosure vs. short sale for developments: which is better?
Neither are good for new developments.

Hamptons, Palm Beach still among top spots for second homes
West Palm Beach has a lot of great foreclosure deals — 50 to 60 percent off [sales prices].

Ken Harney — Money machine, strings attached
If allowing developers to use transfer fees to offset costs helps lower my purchase price, I’m all for it.