About Daytona Beach's Highland Park

Finally, some great real estate news.

The Daytona Beach real estate market is now entering Condo Season.

There is also an expected increase of 2^nd home buying due to the new $6500 tax credit for buyers that have owned their homes for more than 5 years, which I believe is targeted at Baby Boomers.

1^st Time Home Buyers have until April 30, 2010 to get a home under contract to qualify for the $8000 tax credit. I am not suggesting that this will lead to an increase in property values in our market, but rather it will lessen the opportunity for a steep dropoff in values as more foreclosure homes are released into the market. In fact, these balancing forces may likely lead to some very flat home values in much of 2010, which may be the best thing for all involved. A level playing field could be the result.

If you are looking to sell, I would be aggressive in selling the home to protect against the potential that values drop a bit. It is unlikely that prices will go up faster than the cash you will pour into the home each month.

If you are looking to buy, I would "beat the Christmas Rush" and buy quickly. Interest rates are low, but if the anticipated increases are realized, buyers will lose purchasing power. Same house, same price, higher payments.

Keeping an eye on the markets for you is my business. If you know anyone purchasing a home, selling a home, or refinancing a current mortgage. I am your one stop shopping choice.