Statistics would seem to indicate that we have seen the bottom of this market and our day to day business is supporting this indication. Non-short sale inventories of homes here are down in the six months supply range again and moving nicely. Short sale homes still represent a significant portion of inventory and based on trends, many will end up in forclosure before we see the end of them, but consumer enthusiasm for investing in our market is on the rise and the first time home buyer credit which is presently good till December 1st, 2009 has helped many to realize the joy of home ownership.
I also see many people forced to rent till they repair their credit and save up a down payment in the future. This would seem to indicate a good climate for investors able to take advantage of low prices and interest rates, invest some cash and build a portfolio of properties for future equity growth and cash flow.
Take a look at the great listings in our area. You can see them all at sebastian fl.info.
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