I had the pleasure of sitting down with Jim Swanson- MFS Investment Management, Chief Investment Strategist to talk about the real estate market and what I should expect over the next year.  (CNBC- search Jim Swanson) 

We talked about the real estate market, mortagages and what it's like for me on the front-lines of a pending year of foreclosures. 

Mr. Swanson has seen some tight times in 1992 and suggested that I should be prepared to pay my dues forward.  Being able to adapt and stay productive in this marketwill provide skills and strength to exceed in the next cycle of the market. 

As the fastest growing area other the Vegas during the real estate boom of 2003- 2005.  (Well what happens in Vegas is going to happen here in Port Saint Lucie.)  Port Saint Lucie real estate market heated up and the media hype fueled the fire. 

As a home buyer (not the investors) over the next twelve months the prospects of affordable houses will be in Port Saint Lucie.   The media twist has created a negative impact on top of an already bad situation causing buyers to hesitate.  What are the factors that have created the "wait and see if it will go lower" attitude?

1. Home buyers think values will continue to slide.  Prices are roughly back to the cost of replacement.
2. Home buyers believe they will be able to buy in foreclosure.  (Investors will be out in force)
3. Media and press are scaring home buyers.

I'm putting together a task force of industry professionals in the local area to help address our pending problem.  Mr. Swanson said"you learn far more in a bad market then in a good, you do that and you will be a big winner.

http://www.briansharkeyrealestate.com/ Brian Sharkey- Realtor can be reached at All Florida Realty Services Inc. at 772-335-1995 x 192