There are times when I can't think of anything to write about, and other times there's so much to write about that I can't figure out how to condense it all into a reasonably readable, cleverly concise, and relatively relative blog.Not too mention, I've been finally getting some feedback about the blog. It all gets me thinking on exactly what to write about and how to write it. It's as if the blog is starting to take shape by reactions that were caused without intention. After all, it is a cause and effect world.
With so many things to write about it's hard to find one topic to delve into. I've have taken note of several headlines that I've seen recently. I've always said that the media will let us know when we've hit bottom, and the relative condition of the market. During the bust of the bubble we saw nothing but bad news. Now, if you look around, you see positive articles on housing numbers, bidding wars on foreclosures, and incentives for buying now.
Things are getting better, but there's still a long way to go. Keep your eye on local newspaper headlines and articles. Try to recognize whether they are positive, negative or idle. An example of an idle article would be something like a "How to" article as opposed to actual news. Even so, an idle article might reveal some news about the market. So be sure to read between the lines.
Here are a few headlines that caught my eye recently:
**The "Baby Boomers" are still coming to Florida. It is believed that retirees will find there way to down here, especially now that prices have begun to bottom.
**Buying a house that is not in foreclosure or short sale status may be just as good a deal without the bidding wars and wait time.
**Local down towns are not as overbuilt as people think. Ft. Lauderdale scaled back on large housing projects just before the bust. Miami is slowly but surely being bought up by vulture funds and other cash buyers.
**Constant commercials regarding the $8,000 housing credit for 1st time home buyers are all over the airwaves, hopefully enticing fence sitters to buy now.
**Mortgage rates are still at historically low levels, making housing more affordable than ever.
With so many things to write about it's hard to find one topic to delve into. I've have taken note of several headlines that I've seen recently. I've always said that the media will let us know when we've hit bottom, and the relative condition of the market. During the bust of the bubble we saw nothing but bad news. Now, if you look around, you see positive articles on housing numbers, bidding wars on foreclosures, and incentives for buying now.
Things are getting better, but there's still a long way to go. Keep your eye on local newspaper headlines and articles. Try to recognize whether they are positive, negative or idle. An example of an idle article would be something like a "How to" article as opposed to actual news. Even so, an idle article might reveal some news about the market. So be sure to read between the lines.
Here are a few headlines that caught my eye recently:
**The "Baby Boomers" are still coming to Florida. It is believed that retirees will find there way to down here, especially now that prices have begun to bottom.
**Buying a house that is not in foreclosure or short sale status may be just as good a deal without the bidding wars and wait time.
**Local down towns are not as overbuilt as people think. Ft. Lauderdale scaled back on large housing projects just before the bust. Miami is slowly but surely being bought up by vulture funds and other cash buyers.
**Constant commercials regarding the $8,000 housing credit for 1st time home buyers are all over the airwaves, hopefully enticing fence sitters to buy now.
**Mortgage rates are still at historically low levels, making housing more affordable than ever.
BIG SIDE BAR HERE: But for how much longer, and how will higher rates effect the market and said affordability) The rules and guidelines for real estate never stay the same for too long. Usually when market conditions change, so do the rules on how to govern that market. I mean, just a couple of years ago, there was no such thing as a short sale.
**There is a push by the NAR asking congress to extend the deadline and increase the credit amount from %8,000 to $15,000. Hopefully providing even more incentive to take advantage of current low rates and prices.
And there are new headlines every day.
To sum it all up, there is much to say about the market. The question is, how do buyers and sellers interpret it and more importantly, how can you take advantage of it?
Got any ideas. Be sure to send them to me. I'll be happy to post them. With your permission of course.
Thanks For Reading!
Aaron Glassman, Lic. Real Estate Broker
A-1 REALTY GROUP, INC.
***Photo taken at The Hyatt, Pier 66, Fort Lauderdale, FL. If you go, be sure to have the burger & fries at Pelican Landing. A quaint restaurant, with live music and a great view of the marina and port.
Enjoy!
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