If you have been thinking of buying real estate especially in Florida, now is the time to buy. Prices have tumbled and mortgage rates are low. If you have been kicking around the possiblity that the prices might go lower-stop waiting, you might be pleasantly surprised at what you can buy in today's market. Don't be one of those people who say "If only I had".
When the inventory has been used up, the prices of homes go up or stablize. Many Builders have cut their losses and have stopped building. Baby boomers will be retiring and they will not need to sell their northern home to buy property. Makes less home inventory. New home builders are giving such great incentives on buying a new home means many of the premium homesites have been purchased.
Check out the following info from the Florida Association of Realtors Magazine article: written by Marla Martin, Communications Manager, or Jeff Zipper, Vice President of Communications
Why Buy a Florida Home Now? Large Inventories Offer Options, Say Florida Realtors®
ORLANDO, Fla., Jan. 21, 2008 – Florida’s real estate market has started a new year with the largest selection of homes and condominiums available for buyers in more than a decade. But factor in a continuing inflow of new residents to Florida and means that inventory levels are likely to decline in 2008.
How do you see the housing market especially if you are a buyer?