Sellers will come out of the woodwork!

By
Real Estate Broker/Owner with Blackburn Coastal Realty

In the Tampa Bay Beaches market we have a shortage of properties for sale with many properties selling for over the offer price.  Those that missed the boom time to sell have seen a major increase in prices since the Gulf Oil Spill bloodbath in 2010.  Many are waiting to get it all back.

In fact, at the beach, we have seen a 50% increase in prices from the Oil Spill days of 2010. The prices dropped 50% from peak to trough....up 50% means down 25% from the absolute buyer frenzy of 2005-2007.  Sellers waiting for that last 25% are on the "sidelines". When the Fed stops prininting huge amounts of new dollars and artifically holding down long term interest rates things will slow down and the sellers will step up to bat to beat the others that are rushing to sell as well.

What to do?  It is never a good time to sell or a good time to buy and if one really knew the top and bottom of the fluctuations would be a trillionairie....none yet!  

Looking longer term:

We know that virtually all the governments of the world want inflation and they will get it!  

With an arificially low interest rate locked in for 30 years backed by an asset that can go up with inflation is a no-brainer long term!

Due to the fact that we have no trillionaires around we can conclude that short term....no one knows for sure!

 

Posted by

William B Blackburn, Broker

Blackburn Investors Realty, Tampa Bay, Florida

JD, GRI,CDPE,CIPS

www.BlackburnInvestors.com

727-322-2900

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William Blackburn

Blackburn Coastal Realty, We work at the beach.
We live and Work at the Beach....we know the Tampa Bay Beaches
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