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THE NUMBERS AND THE CURRENT MARKET OPPORTUNITY

The numbers are out and the positive trend continues.  We are in a five month recovery and one more will make it official with two quarters back to back on the up swing.

The new way the numbers are reported breaks the sales into Short Sales, Bank Owned,and normal resale property sales.  This now graphically shows that we are in a time of difficulty for some people and a time of opportunity for some people.  Selling a house now for a normal sale is difficult because of the downward price pressure of the short and bank owned sales.  Thus a non distressed home owner should hold off selling until the supply and demand pressure balances out and prices recover.

The big opportunity for some buyers is the great supply of distressed sellers and the low prices this results in.  We have moved into a time of more bank owned properties which are the lowest priced category of properties on the market.  From now on until the bank owned properties shrink to a low level is a good time for first time buyers to move into home ownership.

If a move up home owner is in the position to take advantage of this market and can either sell their home or rent it out as a part of their long term investment portfolio there are homes in the move up price range that are excellent opportunities for capital gains in the five to ten year range.

The third group that is in a buying mode are the investors who have been sitting on cash waiting and now they are coming out more and more to buy the low priced bank owned houses as a once in a long time opportunity.

Look around and see if there is an opportunity for you somewhere in all this.  If you want try the search function on this web site it is open and covers the whole Orlando/Central Florida area.

Happy looking.  Bob MacCuspie