Hank Fishkind, one of Florida's most watched economist, predicted that the residential housing market in Sarasota will rebound in 2008 and 2009. Fishkind spoke at the Lakewood Ranch Country Club recently to Realtors, builders, lenders and other industry experts.

Fishkind predicted that Sarasota will burn off excess inventory this year, and that sales will improve in 2008 and 2009. This prediction seems logical to me. Home prices in the Sarasota area have dropped roughly 20% to late 2004 levels, interest rates remain to be low, property taxes and insurance relief will hopefully happen in 2007. If Florida's property taxes and insurance rates drop Sarasota homes will become much more affordable. This should buoy the market.

Properties that show well, are marketed well and priced well stand a good chance of selling. More home sales provide current sellers with a clearer picture of their home's value.