March 6th, 2010
When do you think the houseing market will go back up?
I just recently started up on getting my real estate lisence in florida and was wondering what your predictions where on the housing marketing. Some believe it will go back up after the elections? If you’re an economist, please express yourself! I would like to know when it would be best to activate my license.
I am not an economist but i am a Realtor in Southwest Florida (Cape Coral, Fort Myers) since 15 years. Yes the Real Estate Market goes in cycles, it always did. But i disagree with some people, stating that the market will need a long time to recover. I think the market in our area will recover sooner than a lot of people think. Population grows, Florida is a great place to live and work. We already see improvment in our local market. We have more homes sold than we have new homes coming on the market. We see Buyers and Investors coming back, realizing that it is a Buyers market and they better take advantage of it. And talking to local lenders, they are coming up with fair 100% financing programs because they see as well, that very soon home prices will increase the the properties will have plenty of equity.
Regarding you activating your lic. in Florida, i would do so now, get your base covered, get established in a company, build your client database, get ready.
What i don’t understand – why don’t you want to be a Realtor in a buyer’s market? It is a little bit more work but your buyers will be so thankful if you can find them the "good" deal they are looking for.
March 6th, 2010
snwbm Says :
It wont go back up in the next year but it will recover within the next 10 years as the population grows. Real Estate runs in cycles. You have to wait for the next wave.
References :
March 6th, 2010
Mike Says :
Housing is still very over valued, and it is far apart from fundamentals. Salaries are too low for people to afford an average house, and rents are not even remotely comparable.
It will probably bottom out in late 2008 and into 2009, and the recovery will probably not get cooking until 2010…. and that is if we dont slip into a recession. And beginning in 2010, there wont be a boom, just a steady incline like real estate SHOULD do…
It runs in 16-18 year cycles, it’s almost like clockwork.
References :
March 6th, 2010
foreclosures101 Says :
who are those some people?
to be realistic, the market is going to be bad for the next 3 to 4 years on minimum..this foreclosure market is very young and we will see more foreclosures later at the end of the year and more next year as more subprime loans reset.
with super high foreclosure inventory, the banks will be force to sell at deep discounts thus putting pressure into homes prices going south …
References :
http://www.theforeclosuresinfo.com/blog/
March 6th, 2010
bonstermonster20 Says :
I think it will a year or so from now. It doesn’t take long for it to recover.
References :
March 6th, 2010
Monika Wilson Says :
I am not an economist but i am a Realtor in Southwest Florida (Cape Coral, Fort Myers) since 15 years. Yes the Real Estate Market goes in cycles, it always did. But i disagree with some people, stating that the market will need a long time to recover. I think the market in our area will recover sooner than a lot of people think. Population grows, Florida is a great place to live and work. We already see improvment in our local market. We have more homes sold than we have new homes coming on the market. We see Buyers and Investors coming back, realizing that it is a Buyers market and they better take advantage of it. And talking to local lenders, they are coming up with fair 100% financing programs because they see as well, that very soon home prices will increase the the properties will have plenty of equity.
Regarding you activating your lic. in Florida, i would do so now, get your base covered, get established in a company, build your client database, get ready.
What i don’t understand – why don’t you want to be a Realtor in a buyer’s market? It is a little bit more work but your buyers will be so thankful if you can find them the "good" deal they are looking for.
References :