The greater tampa association of Realtors announced recently that the average price of a home in our area rose from $160,000 to $168,000 during the month of March....this is a good sign that the bottom is near or has actually be reached...
In the field during the past few weeks, I am seeing a lot more business cards on properties I have inspected and have lost several deals due to higher bids....this is a definite sign of improvement.
Investors are fast realizing that the bottom has been reached as multiple offers are once again the norm and bids on short sales are going up, up, up......Wrote 9 deals in the last week and while it isn't a feeding frenzy, the low rates and great prices offer a lot especially to those who can buy and rent out and wait for values to return and also for the first time buyers and those who have been renting. the credit is gonna bring a lot of neewbies out in the market and renters ....
Let's face it....Economic forecasts and predictions bring credibility to Astrological forecasts...
There are numerous comments by the hour and know this.....that when it is a bad time to sell, it is usually a good time to buy....
The President of Exit Realty USA, Tami Bonnell, said this past week in Orlando at our annual Broker Retreat for Exit Realty of Florida, that the top guru's felt that Florida should bottom out around June of 2009....Hope they are right....
She further said that we will see a slight improvement from that point on..Pray they are correct.
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