Americans, and even more so the population in SWFL, are sick and tired of hearing about doom and gloom when it comes to real estate. Over the past couple years; it has been a very sobering experience for all involved with real estate. Well, I am here to tell you things are shifting and shifting for the better that is! According to Housingwire.com (the leading RE news source), foreclosures over 2011 have done an interesting thing. The data on the 2011 foreclosure data came out yesterday that shows the number of foreclosed properties dropped to 2007 level lows. The raw data in 2011 suggests a dramatic decrease of 35% compared to 2010.
What does this mean for the future? One thing is for sure; we are still seeing great opportunities for purchasing and investing. The single-family home inventory has decreased creating a supply and demand effect. The fact of the matter is that we are seeing the economy move in a positive direction, jobs are being created, people are receiving record home loan rates, discretionary income exists again, and more importantly consumer confidence is back up. Now is the time for real estate!
Full article on foreclosure Click Here:
Justin Helmus
Buyer’s Specialist
Team Michael Burke
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