Karen Arbutine & Associates

Sitting On The Fence? Time To Jump Off

Fri, Feb 15, 2008 at 5:29PM

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.

Bookmark & Share

User Comments

Be the first to comment on this post below!

Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Client Appreciation | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |

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 8/17/18)
Read Our Blog

- OR -

Advanced Search 

Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog

More Central Florida Real Estate