Florida October update

October Update..

Now that the "bail out" has been approved, the stock market has been going up and down like a roller coaster, setting new records as it goes.... Not only Wall Street, but, the global markets are doing the same thing... Then add in the election rhetoric on both sides with the well established housing slump and we have one hell of a mess..... no wonder consumer confidence is at an all time low.... I can't wait to hear about the retailers singing the blues after this holiday season is over... But the bright spot is that this is an excellent opportunity for people to BUY real estate... This has always been a "long term" type of investment, even though a lot of people made a lot of short term money a few years ago, real estate has always been great for the long term.... There are bargains out there, everywhere.. If you buy at the right price, you will have instant equity and you can grow from there..
October should bring a little bit of activity to the Florida Real Estate market because this is the time of year that the snowbirds will be coming to town and those snowbirds that were on the buying fence last year, might be moved to actually buy this year... There should be some activity up until the time the Election is over then we should see a lull around Thanksgiving to Jan 2... After the holidays are over, things should be moving along as good as it will get until the winter season comes to an end.... I am hoping that things will stabilize and the foreclosure market will start to show signs of drying up a little... Then we can start the very long road to recovery..
Let me know what you think.... you can post your comments right here...

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