Everyone I talk to seems to have a more positive attitude about the real estate future. Dr. Yun (NAR’s chief economist) spoke at Miami Board of Realtors International convention and reinterated that we are showing signs of recovery.
His article in this months Realtor magazine continues to point toward growth.
"First, the good news: Home sales have stabilized over the last seven months and are expected to increase measurably in the rest of 2008. And the subprime lending crisis is almost past; the balance of this year will be about cleaning up that mess." Dr. Lawrence Yun
He also talked about a gain in prices of 20% in markets like Ohio and up to 50% in hot markets like Miami. Well, when I had the opportunity to speak with him privately (an honor) he indicated the same type of increase on the West Coast of Florida ie: Cape Coral, Fort Myers.
I wrote on a foreclosure home this weekend. The counter had 35 business cards lined up and it was only listed for 3 days. Contracts are uploaded on line and the agent doesn’t know how many came in. But, wow the buyers are out there.
Time is now to jump. The market is heating up. The time to buy is NOW! Call us 239-910-0345 for your list of forclosures and great deals.
There are other reasons for optimism, including the home buyer tax credit that’s passed both the House and the Senate. It would give buyers an incentive to get off the fence. I’m trying to find information on this for my next bog.