Well we made it to June and the market here is still holding it's own. The invetory has decreased slightly to just under 7000 single family homes for sale in Brevard County and sales are still above the 400 mark at 425 single family residential homes selling in May. My statistics do not include condos, multi family or vacant land. If you would like that info just shoot me an email or give me a call at 321-693-0771.
I have been told that I am "negative" about the market...the fact is, I am just giving facts and the facts speak for themselves. Actually, I believe this is a great market to purchase a home and reap the benefits of a long term investment. If you are a flipper and want to make fast money, you will have to look deep in the field of of rocks for the diamonds hidden within.
We all know that homes are still the best long term investment out there and once we adjust our mind set around this fact, this market will look better to everyone. Keep in mind that home ownership also creates a great income tax benefit for those who live in the home and also for those who want to build their portfolio with rental properties.
Have a great day! Larry Fleckinger, 321-693-0771, www.brevardhomesource.com
Here are some GREAT articles from the Sphere about the Benefits of Home Ownership...
The purpose behind tax benefits is to encourage home ownership. Here is a look at tax deductions or benefit for California Homeowners: • Interest paid on home mortgage is tax deductible • You can deduct amount paid towards late payment ...
Tax breaks are also frequently cited as motivation for moving from renting to owning, and there are many ways a home can cut your tax bill. But, as is often the case with the US tax code, homeownership tax benefits are not always clear ...
That income, what they call the "home dividend," is equal to the money you save by not renting, plus the tax benefits of having a mortgage, minus the mortgage payments and other homeownership expenses. Many consumers have considered the ...
The Many Benefits of Homeownership
The school tax (Star Program.) The middle income rebate. (Check with the NYC Department of Finance to see if you are eligible). Stability, Homeownership brings a great feeling of stability to you and your family. ...
Brevard County Real Estate sales are on the rise! In February we had 337 Single Family homes sell here in Brevard County. In March we had 406 homes sell and I noticed a slight dip in the inventory. This is good news and it means that buyers are starting to get numb to all the negative real estate garbage the media is feeding them. They are our worst enemy only second to ourselves... We all must maintain a positive approach in this market...come on...rates are down, buyers have a ton of great homes to choose from and if we remind them that purchasing a home is a looonnggg term investment not some get rich quick overnight deal, they will start to take advantage of this GREAT buyers market!
Happy Sales To You....until we meet again....
Larry Fleckinger
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