Not So Much!
My response to the article from yesterday predicting a 20% drop in Housing will send us into another recession... You know the one all over the internet? Friend of mine believes because the MSM is posting on front page of all internet news...If you are dealing with negativity or doubt, feel free to read this and share..
Steve,
I believe this to be true, you and I have talked about this before but this article sounds too convincing....
Hey! Good to hear from you!
Funny I just read this article yesterday morning! I am not sure, Maybe some areas... I always say There are markets within markets. Our sales have picked up and prices have risen month over month for the past 4 months.
I also have another expert article from Business Insider that puts Florida as best markets to buy now and predict a 7-8% growth for the next 5 years- Particularly (Melbourne-This area made the headline)
I did a story for the newspaper "Florida Today" late last fall about a surge in International Buyers will put Florida back on the map.
Florida has nearly a Third of All Foreign buyers in the USA, and they have Cash and lots of it.
They have a strong currency that makes our properties even more attractive! Beach and River properties are Dirt cheap right now!
Another key is many Baby Boomers are retiring and are looking for an inexpensive place with a better climate and
Quality of living. Central Fl fits The bill! I have clients from GM in Detroit retiring, New York, New Jersey, South Florida too.
Many of the northerners are here now scoping out properties, it's so Hot up North, and they want to have a escape from those extreme climate changes from 105 to 5 degrees in the winter.
Experts are not always full proof. In 2005 a well known chief economist said we are going to have a housing shortage for 5 more years, we all know how that prediction worked out.
In 2009 when the Dow was under 7,000 many experts called for Dow 3,000.... From that point in Dow went on to over 80% gain.
I am very careful listening to experts.
The evidence is in the trenches and what we are witnessing here in this county is very promising.
Year To Date-over 50% of ALL our transactions in this county have been CASH.
I believe there should be less confidence in the Stock Market than in Housing. Based on what is taking place, I believe many other folks believe a house is a more tangible asset and something you can live in or rent out for cash flow.
We are witnessing some shortages in select sizes..
Our rental market is on fire and as we have less houses on the market our prices will continue to edge higher.
I'm sure there are and should be some validity to this article, and there might be some declines in markets.
And this isn't news hot off the press, this has been talked about alot since late last year and some that were on the fence to buy believed it but are watching homes go under contract in some cases 2 days.
I have recently read an article the excerpt was- "Don't worry about housing reports and predictions, focus on your work and your customers and we will all be better off"... That's basically what I am trying to do, just make a living and provide the best service to my clients, the market will take care of the rest if we take care of business and not focus on Negativity!
Take Care,
Steve
NOT ALL THINGS ARE EQUAL! If your in the hunt for a NEW or Existing Home and Want to have 5 Star Serviceand TOP NOTCH FULL Buyer Representation, to have someone looking out for your best Interest throughout the ENTIRE TRANSACTION, CALL or EMAIL STEVE TODAY!
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Have a Great Day!
Steve Vitani- Realtor
Viera Luxury Home Expert
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