Have you thought about buying a new home in 2007? Maybe you did and chose to sit on the proverbial fence, waiting and wondering to see how the housing market correction was going to unfold.
If so, it is playing out just like much the way corrections always do. Housing starts on new construction dropped 47 percent versus the same month a year ago. Unsold inventory has dropped as well which is encouraging news.
Many builders are playing it smart. Now they are putting new projects on hold and waiting for the rebound in 2008 which may be stronger than many people are expecting. When this day comes the buyers market will be over! Builders have a priority to diminish inventory by offering discounts, and cutting deals to buyers. Combined with the low interest rates that we are facing which may go lower - means the time to buy is now.
In the long run whenever you buy, the Central Florida housing market is going to be a solid investment in the long haul. Orlando is one of the top relocation destinations in the country. This is not going to change despite of market fluctuations.
So, if you are sitting on the fence, jump in there, the Orlando market is a great place to invest.
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
The source of the listing data is as follows:
My Florida Regional MLS (updated 8/22/17)
What Seniors Need to Know Before Purchasing a New Home
Purchasing a home can throw curve balls your way at any age, but the potential pitfalls can be magnified when the one doing the purchasing is a senior. Plenty of seniors, however, are able to finance a new home, move, and live comfortably in their new setting. Here are some of the things you must know before diving in headfirst. Read More
Karen is featured again in the premier REALTORS in Orlando Magazine
Whether you’re trying to buy or sell real estate, getting the best deal—especially in these challenging times—means finding an agent who possesses savvy and know-how and gets results. On these pages are some Central Florida agents who have demonstrated those skills.
Orlando magazine’s list of “Hot 100’’ real estate professionals is in alphabetical order and compiled from several sources. We consider data on sales volume, value of sales, number of sales, number of listings and value of listings. Read More