The Florida Real Estate Roller Coaster

By
Real Estate Sales Representative with Keller Williams Cornerstone Realty
https://activerain.com/droplet/JV6

The Florida Real Estate Roller Coaster

Real Estate Recovery

The info graphic and Real Estate Roller Coaster Contest

starts with some shocking numbers of lost "wealth".

RealEstate.com Real Estate Roller Coaster Contest

As the contest suggests, here is our take on the infographic and the data as it relates to our local market in Ocala, Florida.

1) At least in Ocala, Florida there was a real bubble, so some of that "wealth" was on paper and not real. Nevertheless, like most people when the are paper rich, regardless whether it is stock market wealth or in this case, real estate "wealth", people acted and spent as if it was real.

Now it is gone! And to that sense the local economy has lost this wealth effect.

 

2) Although the roller coaster analogy is a very good one, there is a significant distinction. In a roller coaster, the peeks are progressively lower and lower as gravity takes its toll. In real estate the peaks and valley do come, but always with progressively higher peaks - almost like running the roller coaster in reverse. There have been 3-4 significant corrections in real estate over the last 100 years. But always, and eventually, real estate peaks at ever higher pricing.  And eventually it will recover in Ocala, Florida.

 

3) Not withstanding 1) & 2) above, there is still considerable missing "wealth" in today's economy. Hence, the what may appear as dramatic actions of the Federal govenment to bail out various sectors of the economy. The latest may be QE3 or Quantitative Easing #3. Regardless of one's particular politics, there is no question that in order to replace the stimulous of the disappearing real estate "wealth", pumping up the economy and dramatically lowering borrowing costs is designed to do this.

 

But the bottom line is there are always great real estate opportunities - deals to buy, and always great reasons to sell. We posted on this just last week:

Sellers Needed!!! Buyer's Market Ending!! Seller's Market is Here!!

 


Posted by

Let The Bob Miller Team know who you know that is thinking of buying, selling, or investing in real estate that we can contact today.

Search on iPhone, iPad, Android - click here

KW1C8J9V
Enter the following URL (http://app.kw.com/KW1C8J9V)
Or scan the above QR code using your mobile address.

When prompted enter our unique agent code : KW1C8J9V 

Keller Williams is #1

 

 

 

   Join Active Rain

ActiveRain Logo

  Follow us on Facebook The Ruiz/Miller Team on HGTV     The Ruiz/Miller Team on You Tube The Ruiz/Miller Team on LinkedIn The Ruiz/Miller Team on Google+

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Florida Martin County
Groups:
Realtors®
Florida Rain Makers
Keller Williams Active Rain Bloggers
Keller Williams
Addicted to Active Rain
Tags:
real estate bubble
buyers market
sellers market
qe3
real estate rolloer coaster contest

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
848,657

Bob Miller

The Ocala Dream Team
How can the Bob Miller Team Solve Your Real Estate Needs?
*
*
*
*
Spam prevention

Additional Information