Some positive Real Estate news from the Association of Realtors:
NAR: Worst is over – existing-home sales to trend up in 2008 WASHINGTON – Dec. 11, 2007 – Existing-home sales are projected to trend up in 2008, with pending home sales showing a slight near-term rise, according to the latest forecast by the National Association of Realtors® (NAR). However, a recovery for new-home sales is unlikely before 2009.
Lawrence Yun, NAR chief economist, says the worst part of the credit crunch has already worked its way through the data. “The unusual mortgage disruptions that peaked in August were clearly seen in lower home sales that were finalized in September and October, so the market was underperforming,” he says. “Now that mortgage conditions have improved, some postponed activity should turn up in existing-home sales over the next couple of months, and I expect sales at fairly stable to slightly higher levels.”
30 year Mortgage Rates can be obtained under 6%, couple this with a large inventory of homes for sale and its a great time to buy in the Florida Keys.
As always when you decide to come down to buy or look around, please let me know and I will do my best to find the property your seeking.
I'll have information for you on the Florida Property Tax Reform initative on my next Blog.
Hope your all getting ready for the holidays, they'll be here before you know it.
Rob Skeel Realtor
Century 21 Prestige Realty Group
305-393-6300
www.RobSkeel.com
http://robskeel.com/homes_for_sale.shtml
BLOG http://floridakeysrealestatebyrob.blogspot.com/
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