Answers - Real Estate

Sale prices for existing homes and condos in South Florida real estate market rose in the second quarter of this year. But the amount of increase is not as

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

much as sellers had been hoping for. Nevertheless as compared to the previous year, the cumulative sales of South Florida real estate plunged according to st

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

tistics from the Florida Association of Realtors. Housing analysts are positive about the strength of the South Florida real estate market; however, the curr

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ent trend seems to suggest that the South Florida real estate market is experiencing a fall off. The numbers indicate that home sales have dropped by a

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

least 30% in Miami-Dade, Broward and Palm Beach counties. Condo sales also generally declined, by 44% in Palm Beach County, 33% in Broward and 23% in Miami-

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ade.

Notwithstanding the concerted diminishing of home sales rate, median prices continue to gain upward momentum. In Broward, median home prices are up by

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

2% compared to the same period of the previous year. In Miami-Dade, the jump is even more spectacular as the median price raised by 8%. Only Palm Beach Coun

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

y experience a slight appreciation as its median sales price only increased by 1% in comparison with last year’s numbers.

South Florida real estate condo pr

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ices also slightly amplified increased slightly by the second quarter of this year. Broward's median sale price for condos increased by a considerable 10%; P

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

lm Beach County's by 8%; and Miami-Dade's by 3%.

Overall, these sales price increases for both homes and condos in South Florida real estate were actually

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

uch smaller it was in prior quarters for which the year-over-year prices regularly gained 30% or more. The current picture of the South Florida real estate m

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

arket significantly contrasts the conditions two years ago for which the housing market experienced rapid growth, registering a record year in terms of closi

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

gs and median price for sales of existing single-family homes. By year's end, Florida came close to reaching the 250,000 mark for annual sales, according to

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

the Florida Association of Realtors(R) (FAR), with a total of 242,234 homes sold -- an 11 percent increase over the 218,739 homes sold the year before.

Sal

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

s are slowing because of accumulating inventory of unsold properties on the market. The rapid price boom in combination with rising insurance premiums and p

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

operty taxes during the past five years has restrained many prospective clients from buying South Florida real estate properties. The drop in demand incurred

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

by these preventive circumstances are making some sellers getting desperate, thereby resorting to selling at much reduced asking prices and even offering at

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ention-catching deals to buyers and their agents.

These trends are consistent with what is observed not only in the entire Florida state but also nationwid

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

e. For the entire Florida state, home sales fell 27 percent in the second quarter, while the median price increased 9%to $254,800. Sales were down in every m

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

tropolitan area in Florida. Condo sales fell 33%, and the median price rose 1% to $217,900. Nationwide, home sales fell 7% in the second quarter of this year

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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It is difficult to choose between secured and unsecured loan. Most people prefer to take unsecured loans as against the secured loans because of the fear of losing home. This is however incorrect since lenders of unsecured loans too will not leave without recovering the loan lent. Moreover, as long as a borrower is regular in making the payments to the secured loan, he can be assured that no one can lay claim on his house. As if to facilitate the regularity, the repayments on secured loans are much lesser than on unsecured loans because of the smaller interest cost.

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