What a time to buy! (FREE REPORT)

Aside from the melting credit markets and tighter lending availability.....this is a GREAT time to be in the market for a home!  (KEEP READING for a FREE copy of my neighborhood report!)

The more trend analysis I do in my local Orlando/Lake county markets - the more solid this trend becomes that pricing is similar to that of 2004!

And the economic outlook is up - if you are looking from a broader "down the road" perspective.   I know that if you watch 24 hours of Fox News or CNN Market watch - you think the planet will implode in about 4 more days!  ("Honey, get the shot gun, the generator and all the canned beans we can find and meet me in the bunker!!")

But if you are sitting on some savings, getting ready to buy your first home - I envy you!   See, as an appraiser, I am not all knowing according to my crystal ball of trend analysis!  I bought my home in 2005 - just before the PEAK of 2006!    If I had bought 1 year earlier, or waited 2 years more - I would have saved about 1/2 of what I paid I think!

Here is a great example:  Southchase, a single family community just east of Sea World:

Notice the peak in 2006 and the plunge of of 2007?!  Now declines are slowing.  But what of the economy?

You can see that the economic outlook for this zip code is VERY positive!

Notice that the recent job growth is higher than the county or state, and the 10 year projected growth is almost 3 TIMES the county's!

Another interesting item is that employment has increased in this zip code, while average home prices have declined.

Not a good note for sellers...but a great note for 1st time home buyers!

Another interesting trend is that while home sales were declining through 2006 and 2007 - the number of home building permits also fell.

Yet now, as the market reaches the bottom in this area, new building permits are on the rise.

I noted that the current quarter has a 20% INCREASE of new home or building permits (single family and multi family alike) for this market area!

And back to the trends in the market......let's look at the average price per square foot for homes in this community comparing the current 2008 quarter to 2004:

WOW - notice a trend here?  Has the market reached the bottom yet in this community?  There is still an over supply of homes, and pricing may still go down a little further - but most of the market trends are showing the slowing of this decline and as you an see - the pricing is as if you traveled back in time to 2004!

If you are a Realtor, and you would like a PDF copy of this report - please just drop me an EMAIL - and I'd be happy to send you a 2 page report you can share with your buyers in the area!