It's been a long while since I took to the keyboard to pontifiicate on Southwest Florida Real Estate goings-on!
If anything the outlook has deteriorated since my last post of well over a year ago. The economy has soured. Bank bailouts, auto bailouts, mortgage meltdowns and credit cruches. Sounds like a breakfast cereal. Despite all the bad news, there is a glimmer of hope out there!
Seems like a bunch of far-sighted individuals are starting to see some value in the market. And what's not to like if you're a Value Investor. It is indeed 'kid in a candy-store' time for those who can see the value - and have some cash! Also there is a glimmer of hope emanating from our friends in the mortgage biz. Seems like refinancings are going through a mini-boom of sorts.
Well we're still a longway from any sort of normal market, and pessimism still abounds, BUT with the increasing activity in speculation and refinancings, there possibly is a glimmer of light on the horizon.
Don't hold your breath, but I believe a slow recovery is underway. Of course opinions are a dime a dozen - and mine are half-price (this week only!) - but, as in the stock market, when there's blood in the streets, it's time to buy!
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