I keep running into agents in the hallwasy of my real estate office and everyone is saying the same thing. Can you believe the prices of the homes for sale? Each one mentions a home they have just listed and what incredibly low price it appears to be compared to previous times. We're all enthusiastic thinking it's going to fly of the shelf.
However time sets in and that amazingly priced listing still isn;t sold. We just don't understand, why aren't the consumers jumping at the opportunities that are available in the market?
Interest rates are at an all time low. Great! However, the banks just don't seem to be lending. I was tallying up my sales from last year, and I was amazed to discover how most of my sales were cash. Unheard of in prior times.
But this is not a good thing. Until the banks start lending again, the economy is going to be at a standstill. Not everyone has cash. what happens when the average American can't find a home for their family? Not because of price but because the banks won't lend?
We have over 6000 propertis for sale in Manatee county. Alot of them are incredible opportunities. We need to give the hard working peron who pays their bills on time a chance. Don't you agree?