Wow, again SW Florida has been ranked # 1 in new foreclosures. Yes that is not all bad. Sellers have to get real on pricing, lenders have to get real on moving these homes. There are sales happening and the MLS shows increased activity, pending and closings. Things are happening. Yes it will take time to clear it all out, but then there are no or very few new starts happening. I recently read the in 2008 there will be less than 1600 new permits pulled from a high of 28,800 in 2005. Scary, but if you need or want to move now is the BEST time to buy a new home in SW Florida.
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