For those of you who regularly read my blog and send emails you will know I have been saying that this year we will see consolidation of what is know as a 'buyers market".
Housing markets reflect supply & demand, interest rates and distressed selling. Over the past 4 years we have experienced a decline in values but I am sure this is coming to an end.
Although no sane person can predict the "bottom" of any market i do believe we are insight of the bottom.
My view is strengthened by record low interest rates - sq footage prices that are 50% of what they were 5 years ago and the realization that a bear market has to come to an end.
In our local area of Englewood Fl in August 2010 389 properties were sold or went pending which is a far cry from 12 months ago.
In western society most of the investor/ buyers will miss the boat when the market turns as they will wait too long as they need to be told by The Daily Mail, New York Times that now is a good time to buy selectively.
Buying selectively is the key. At Florida Gold we take it very seriously. Our investors/retirees are intelligent people - they are from all walks of life, and from many countries. We take the real estate business seriously and we do get it right!
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