Buy your home in Florida NOW

I wrote a post back in early November last year, Is now the right time to buy your Florida home ? The comments then are just as apropos now as they were then. However, I have some interesting recent data to add to this that lends even more support and definitively answers the question.

After reviewing the search word index over the last 45 days or so, I see a pattern that is emerging. That of many blog readers inquiring if it is safe to buy in Florida ? It would also appear that lot?s of buyers or should I say prospective buyers, have been sitting on the fence and many have been typing in the search engines all types of long tail questions that all center on the condition of the Florida Housing Market.

A lot of activity in the media and in and around the State itself is reason enough for a lot of the speculation and confusion among would be buyers.

On the one side you have the media that continues to projecting doom and gloom on the economy. You can expect this will continue throughout the year. But hey it?s an election year, why do you think this gets tons of press every day ?

The latest scare out on Friday was from a report published this month in the Journal of the American Planning Association. This report talks about Baby Boomers and the Housing bubble, with yet another spin. The original report was published early in the week and then was carried by the Wall Street Journal on Wednesday and by Friday it was over on Inman’s Blog. This latest scare says that the housing bubble now pails in comparison to what will happen when the Baby Boomers stop buying houses.

Right now there is so much speculation out there on the national markets. However, the one thing that is verifiable right here and now, in the Greater Tampa Florida Bay Area it?s time to buy a house now.

If you continue to sit on the fence you will lose a valuable opportunity to get a great deal at a mortgage rate that you will most likely not see again for some time to come.

Yes you will continue to hear negative things in the press. The economy has issues, and if the fed lowers the borrowing rate too-much it will spook the investing community and then Mortgage Rates will go up, not down.

Will the price of housing continue to move down ? Possibly, but there is opportunity a plenty right now and it is a true buyers market in Florida. If you wait, you then have to weigh the risk of a larger mortgage vs the small incremental price reduction you might see by waiting it out.

Call your local Realtor and ask them. Heck just click on the MLS link on our site (at the top of the page – looks like the one right below this paragraph) and you can search the entire State of Florida, take a look at the wonderful opportunities that await you in our great state.

Related Posts:

Central Florida First Time Home Buyers Workshop

A Real Estate Story of another cyclical time

Pricing your home to Sell

Is now the right time to buy your Florida home ?

Pricing your home to Sell

Looks like the 2007 year ended pretty much as predicted here in the Greater Tampa Bay. The Florida Association of Realtors (FAR) released their latest statistics comparing November 2006 to November 2007 this week and I don?t think any one was surprised.

The synopsis for the year:

That’s for single family homes. If you look at the Tampa-St. Petersburg-Clearwater area, there were 1,644 existing homes sold this last November, down from the 2,362 sold the previous year. The Tampa Bay Business Journal does a pretty good summary on this as well.
One of the key issues we have observed over and over again by sellers though is that they resist the advice to price accordingly the first time. It is a Buyers market and and if you really, really want to sell your home, you have to un-attache yourself from it and set the right price.

With that, I am including a You-Tube clip that says it all in BLACK & WHITE, check it out below.

I am often researching what it is going in other areas of the country, as well as keeping an eye on technology related issues. This is from the one of the guys who is a key note speaker at the Bloggers Connect Forum that will take place next week in NY. I expect some good information to come out of it and look forward to sharing the information.