Wow it has been a while since my last post, I hope you guys didn’t miss me too much (haha) please don’t answer that. I have been working on some new projects, while selling homes and trying to keep up with multiple blogs has been difficult to say the least. Last week I attended my first REBAR Camp in Orlando it was much fun and learned some new things while attending.
So what’s been going on in real estate news? Well mortgage applications rose last week with record low interest rates some buyers figuring this is the time to buy. Whether to rent or buy is a tough decision for some with the unknown status of the economy. With the low home prices in Brandon and record low interest rates it is more affordable to purchase a home than to rent in many cases here in Brandon. Here is a great example from Alex Cortez a Maui Realtor on the cost of not buying now.
Begin your home search for Brandon homes for sale, or if you are in the market for a home to rent you can do that as well. Hope you all enjoy your labor day weekend.
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{ 21 comments… read them below or add one }
We are seeing an increase over in our neck of the woods, Ocala was the only city in Florida that had increased sales in July of 2010 compared to July of 2009!
Hi Danny!
NAR also stated that pending home sales rose about 5% last month, which is a good sign considering how ugly July was. Many people will rent, and the few that buy will be collecting that rent.
Yes I have some investors making some good cash flow now because everyone is renting. They are taking advantage of the market. Still great for buyers and not so much for sellers. First time buyers have a great opportunity as well with the low interest rates, once locked out of the market years ago buying home is now affordable again.
Wow! It’s good to know that the real estate industry has been slowly recovering from the recession. This is indeed a good sign that all will turn out well after ll.
The way I view those that do not buy are those that will be kicking themselves when values go up. I always laugh when looking back and remembering the “lemming effect” when the real estate boom was going on. Many would listen to their “financial advisors” of how it was a great time to buy. Last time I remember it was “buy low, sell high,” not the other way around. Now, with values so low, as well as interest rates there are not as many buyers. It is a little comical. Either way, as each day passes in this recession it is one day closer to those that are “pent-up” to come back into the market and buy. The future is bright!
I couldn’t agree with you more David. Where was everyone predicting the crash of the market? Not too many were there? But now everyone is an expert on where the market is heading and when and where the bottom is. Most people are afraid to buy now even though it is a great time to buy. The people who bought during the market peak were negatively affected by the downturn in the market are the ones who have suffered. Now the tide has turned you think more people would be taken advantage. There are a few savvy investors and first time buyers that are but not as many as you would expect.
Now I don’t think buying is right for everyone you still need to be financial stable and have good job security.
well.now a days real estate is spreading the theme of buy low and sell high.whether in that matter i agree with david.but danny is right too.not everyone is ready yet for buying.they need more time and security.need to be financially stabled.hope one day they will capable of.
Its great to hear something good from the real estate market. I feel that it is a good opportunity for the people in Brandon to take a proper advantage of this market situation. As it is good for both the buyers and sellers they should utilize it.
Things are looking up in our market (Central Texas) as well. I think that every day that passes without the economy slipping further into a recession brings more people who were uncertain and sitting on the fence back into the market for a new home. The way I look at it is basically unless you think we’re headed for a worldwide depression, the time to buy is now with home values so low and rates at unheard of levels.
Hindsight makes everyone an expert. Easy to say I told you so than to suggest remedial measures.
This is great news! Thanks for posting. Hopefully we continue to see the market on the up and up.
We are also seeing more buyers coming back to the market after a crazy and busy summer (because of the HST here in Ontario) glad to see things are looking good in your end as well.
It you have the money to buy a home, now is the time with interest rates so low and with home values being much lower then they were. Refinancing right now is also a great idea as rates are very low and might rise in the future.
The market for ID homes is definitely a buyers market, so it is a great time to buy. Idaho home sellers are suffering a hangover from the expiration of the tax credit.
I kind of wish I lived in Brandon. I am having a really hard time selling homes in Palmdale. Nobody wants to pay what the house is worth. They want to pay short sale prices for everything.
Oh well, I still love the real estate business.
i don’t think the Ocala market is doing as well as people think. The total equity of the local market has been hit by a 60% in the past 2 years and things do not look so good with all the foreclosures pending
It is amazing how low interest rates are! I am curious to see what happens with the commercial lenders as the commercial markets begin to collapse.
I love Brandon. Is the market still doing well in October there? I’m sure buyers can find some nice bargains. I enjoy your updates. Thanks.
I agree 100%. Now is a great time to buy. I am personally upgrading to a larger home right now and was lucky enough to lock my rate at 4% for a 30 year fixed conventional loan. I think people who do not take advantage of the great rates right now will be looking back with regret in a couple years.
This is good time to buy houses, according to real estate market. It will be beneficial for both buyer and seller.
Glad to see that things are starting to come back alive in south Florida! Real estate seems to finally be moving up here on the pan-handle as well. I’m seeing a huge increase in business myself, and it seems that everywhere I go to do a showing there are other agents out showing as well. Best of luck to you!
-Robin Sherman Realtors
Pensacola Homes Search