I can tell things are getting better, because there are not so many articles about the real estate market. Of course the Indymac Bank, Freddie Mac, and Fannie Mae news has been taking up the slack. One of the best reports I have read recently was in Barron's this week. Make sure you read that one. It actually seems to be based on facts and reason. Naturally, there was a more typical article in Forbes today on Yahoo. It sounds positive - Most Affordable Real Estate Markets. Just to give a quick example they call San Diego one of the top ten with a median price pushing $500K and only 25% of the population can afford a median priced home. In Orlando, also a top ten, our affordability index is right at 100%. It is not the worst article I have ever read, and I know that many people will not get past the headline. I just wish more people would pick up Barron's.
For what it is worth, the market is improving in Orlando with higher sales and stabilizing prices. The inventory is still high and rates are still low. After the inflation numbers today, it is hard to say if interest rates will remain this low for much longer.
Comments(0)