Good news

By
Real Estate Agent with Watson Realty Corp

I don't know about you guys, but I've found myself doing a great deal of complaining and whining about this market.  It hasn't helped.  Instead of complaining, I'm going to look for reasons to be optimistic.  The following was an excerpt from the NAR eamail update last night that I found very encouraging.  Maybe it will lighten someone else's load like it did mine.

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FLORIDA'S REAL ESTATE FORECAST: STILL SUNNY

Florida real estate may be in a slump, but its future is golden. That's the good news former Wall Street economist Richard Hokenson delivered last week to Tampa Bay's Chartered Financial Analysts. "Ride the wave," he told them, but he wasn't talking about surfing. Hokenson, who runs a demographics consulting firm in New Jersey, said the wave of baby boomers rolling into retirement provides an investment opportunity. "There's a baby boom tsunami and a fixed supply of coastal land," he said at the meeting at the University Club. Whether boomers can afford a Florida retirement may depend on whether they can shed their NIKEs, the acronym Hokenson bandied for "No Income Kids with Education." Hokenson says population trends explain 70 percent of what happens in the economy.

© St. Petersburg Times. All rights reserved.

Comments (7)

Karin Benyamin
Florida List For Less Realty, Inc. - Davie, FL
Florida will always have Sunshine and people will move here to have it!
Sep 18, 2006 11:25 PM
David Eiglarsh
RE/MAX Concierge - Weston, FL
CRS, CDPE, Serving South Florida
In spite of the slump, Florida will always have a commodity that other areas don't have, sun, beaches & water!  If we make it through this (and possibly next) hurricane season w/out a major storm, things should pick up a bit.  In the mean time, all of the non-major committed players will get out of the business.
Sep 18, 2006 11:31 PM
Bob Pavey
RE/MAX Hometown - Aventura, FL
CRS
David this is a great market we will weed out the agents who should be at Wal Mart look at the positive side to things
Sep 19, 2006 01:14 AM
Carlos "Chaz" Mena
RE/MAX Premier Associates - Weston, FL
I have been saying the same thing in my previous blogs. We are fortunate to be working RE in Florida. When the baby boomers all start retiring now will bring a boost to our market.
Sep 19, 2006 01:33 AM
Mike Jewett
JaxHomeSpy, LLC - Jacksonville, FL
David- this article definitely hit the nail on the head. Yes times are tough- it is a buyers' market after all- but Jacksonville is still booming and we shall all weather the storm. I look forward to your future posts.
Jul 20, 2007 12:12 PM
Wally Conway
HomePro Inspections - Jacksonville, FL
Certified Master Inspector-Author-Media Expert

Dave, Greetings!  The way I see it, even in the worst of times, there are more homes being bought and sold than anyone agent (or home inspector) can possibly manage. With that thought in mind, it is not about the market, rather about your ability to market.  Market your company, your self and the services that you offer.

 Best to you, Wally (The Happy Home Inspector)

Aug 20, 2007 05:33 AM
Wally Sears
Residential Real Estate Photography - Jacksonville Beach, FL
Real Estate Photographer Jacksonville, Fl

David - I know this is a very old blog post of yours but when I came across it and read it I think it still holds true. Baby boomers will indeed retire to Florida and buy coastal property...I think its just been pushed back a bit.

Mar 24, 2010 04:00 PM