IS THE WORSE OVER?
We have all seen the headlines and TV shows on how bad the Real Estate Market has been. And there is no doubt that the past two years have been rough for anyone in the industry as well as for many homeowners.
But if you look in the inside pages and catch some not so prime time TV shows (We all know bad news make headlines, good news gets buried )you will see that many experts are starting to predict an improved housing market.
I am seeing several forecasts that say housing prices have hit bottom. The Wall Street Journal reported on May 6, 2008 that the bottom has been hit and a video presentation on Realty Times is reporting the same thing. Even the US Secretary of the Treasury Henry Paulson has been quoted as saying the worse is over.
On the local front, the Northeast Florida Association of Realtors (NEFAR) has reported that things are improving in Northeast Florida. They have a page on their website that provides great information on this position.
The following links will bring you to the articles I have mentioned. In future blogs, I will continue to share good news as I come on it. I am also going to focus on the trends in Northeast Florida (Marion County to Nassau County and all in between).
Links:
The Worse Is Over, WSJ, May 6, 2008
Realty Times Video Watch Real Estate Outlook: Worst is Over
NEFAR Campaign, Put Your Money Where Your Life Is
Ray Breault
Email: ray@a1aloans.com
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