Positive thoughts for Florida Real Estate

I recently came across this article and thought I should share excerpts from it.



Real Estate is a long term investment and there are plenty of good buys in the Keys right now if your looking for a second home or a vacation property. If you wait too long you may miss a chance to own a piece of Paradise.



I went out his weekend and the tuna were hitting and sailfish should be showing up soon. Of course it was nice and warm and the dip in the pool after fishing was great. You can't beat the Upper Keys your only 2 hours away, at the most from to two world class airports and the great city of Miami and at the same time close to a funky place like Key West.




Article:


National Association of Realtors senior economist Lawrence Yun said: there has been a negative flow of news – like foreclosures, hurricanes, property taxes and insurance increases – that has left buyers with the impression that the bottom is far from being hit, Yun said.“They have jobs, their income is rising but they are saying, ‘I’m going to step back,’ “ Yun said.So, what does Yun say real estate agents can do to help matters?Tell Florida’s story, he said.Yes, foreclosures have risen fast but they are now just at the national level, Yun said.As for hurricanes that scare some buyers, only six Category 3 or greater storms have landed on Florida’s mainland from 1950 to 2003, although eight touched down in between 2004 and 2005, Yun said.“The chances of that happening again are low,” Yun said of the disastrous two-year period. “I would not be surprised to see insurance companies coming in to grab profits.”Yun predicts that the Florida housing market will get stronger in 2008 and will be booming again by 2010, once people again realize that Florida’s assets are unique.Yun said it’s the perfect time to buy while buyers are sleeping.



© Copyright 2007 Florida Association of Realtors®



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