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Florida Real Estate & Mortgage | 2008 and $100 Barrels of Oil ~ The Year Ahead...

This time of year, everyone wants to be a prognosticator of what lies ahead for the coming year in the world, the US, the economy and the Real Estate and Mortgage Industries. It is funny how many differing reports we get from so many different sources.

The hardest thing to swallow, though, are the reports from people who really have no clue what they are talking about - Jim Cramer - or who report on an entire Industry and panic the local markets!

Local markets are what I like to focus my efforts on... why? because you can really see how effective or how ineffective the national news really are!

It is important whether you are a Realtor, Buyer, Seller, Mortgage Broker, Banker, Investor, or Journalist to realize that there is "The Market" and there are sub-markets within each Region, State, County, City, Municipality, School District, Community, Developments, Neighborhood and even within neighborhoods themselves that will have their own individual ups and downs.

This means that while "The Market" may remain bleak or "bloody" as some luxury condo developers are saying to me... the sub-markets may be rosy!

So my advice to all lookers is to really observe each market and sub-market individually. Know the ins and outs...

Maybe the community where you want to buy/invest has hit bottom already.
Maybe you don't have a lot of time to keep watching because prices may start ticking up.
Perhaps rates are so favorable right now that you should not pass up a great opportunity
Perhaps a new development is popping up and it would be a great time for you to buy affordable pre-construction

Remember... the market is fickle...but the submarkets are even moreso. What one person thinks about their surroundings may not fit all surroundings. Working with Real Estate and Mortgage professionals that can help you sift through all the negativity and see the real picture is the only way to proceed in this market.

For the full article, click on the following link -o-> Florida Real Estate & Mortgage | 2008 and $100 Barrels of Oil ~ What lies ahead?

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David A. Podgursky, MBA
TheMortgageGoToGuy.com
Your Source for Residential, Commercial, Investment and Relocation Mortgages in Florida

Posted by David A. Podgursky, MBA The Mortgage Go To Guy! on 01/08/2008 01:42 PM

Comments (5)

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5 Comments on Florida Real Estate & Mortgage | 2008 and $100 Barrels of Oil ~ The Year Ahead...

Hi David! Happy New Year! Oddly enough he was just on "Street Signs" and they had a major long disclaimer and said to seek a professional for advice...LMAO!

FYI: You are the one who promped my monster long market breakdown with the pretty pie graphs! The crowd goes wild over it so thank you!

01/08/2008 01:52 PM

by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)

Very true stuff David and nicely put.

I firmly believe that while 'Money' may be National.....'Real Estate' is Regional. That seems to be ~~forgotten~~ ignored in many circles.

01/08/2008 01:58 PM

by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)

Renee... my pleasure! and I'm honored that I inspired anything

Jason ... not just regional... it is block by block and people just don't get it

01/08/2008 02:20 PM

by Boca Raton & Lake Worth Florida Real Estate Broker

That's a heck of a point David and you are right there.

01/08/2008 03:07 PM

by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)

David, Awesome Post with really great points. I agree with you "Working with Real Estate and Mortgage professionals that can help you sift through all the negativity and see the real picture is the only way to proceed in this market." You really hit the nail on the head

01/09/2008 06:52 AM

by My Favorite Mortgage.net - Matthew J Blum

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