The Tides are turning

By
Real Estate Agent with RE/MAX Premier Associates

The South Florida Real Estate market has been going down since the beginning of the year. One obvious reason is due to the torrid pace the market was going through during 2004-2005. Sellers were are trying to get more than the appraisal amount cause buyers were in frenzy and abided with the sellers wishes. Starting at the end of 2005 article after article was posted in every newspaper publication about how the housing bubble was about to burst. Buyers started getting afraid to buy figuring that market would continue to fall.

 

But now I suddenly see a change coming. I have noticed articles now are becoming more encouraging towards our market. For example;

 

September surprise: Housing starts rise 5.9%

By Bob Willis
Bloomberg News
Posted October 19 2006

http://southflahomes.com/blog/index.asp

 

Existing home sales could start bouncing back in 6 months in S. Florida

By Paul Owers
South Florida Sun-Sentinel
Posted October 12 2006

http://southflahomes.com/blog/index.asp

I see the tides are turning and I see the market turning around sooner than we think. Let’s hope for all of this is true, I am looking forward to a bright future for our profession.

 

Carlos “Chaz” Mena
Remax Hometown
954-804-1284
http://www.southflahomes.com/

 

 

 

 

Comments (2)

Scott Gormley
Oak Valley Mortgage-California Home Loans and Refinancing - Chico, CA

I've seen homes around here start to sell faster again. Inventory is starting to decrease with irrational sellers pulling their homes off the market...

Scott         

Oct 23, 2006 12:16 PM
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

I have just begun to see and hear some positive news being portrayed in the media up here in New Hamsphire as well.  Just this morning on Boston news, there was a story that their home prices have hit bottom and the worst should be about behind them.  I'm in what's considered the metro Boston region, even though I'm in New Hampshire, about an hour north of Boston.  But, good news is good news and we'll take it wherever we can get it.

Ann Cummings

Oct 23, 2006 01:36 PM