More Good News in Store for the Real Estate Industry Locally and Nationally

Although records from the National Association of Realtors (NAR) are reporting declines around the country, recent feedback is still good overall. According to Lawrence Yen, a chief economist for the NAR it is just another reminder that the real estate market is still on shaky ground. However, he also says a little decline at the tail end of the recent upturn in the real estate market is just par for the course. Location as usual in real estate is everything. Some areas are still seeing huge increases in sales, as much as double what they were just one year ago.

         

What Does this Spell for the Naples Florida Real Estate Market?

 

Right now business in Naples Florida is booming compared to where we were last year, making it a great place to invest. People are viewing Naples waterfront properties and are buying them. Those who came to Naples Florida last year and were scared off by the real estate market slowdown at that time have returned to the beautiful place they remember and they want to live here.

 

What Real Estate Markets Are Really Booming?

 

Real estate markets like Sacramento, CA; and Colorado Springs, CO are seeing double-digit increases in market sales. If you or someone you know is interested buying or selling real estate in Colorado or California, or anywhere in the country, please let me know. I work with the best in the business and can refer you to an excellent Realtor in your favorite area.

How is the National Real Estate Market Faring?

 

Not all real estate markets are as fortunate. As a whole, the Southern states are seeing a decrease of 22.1 percent from last year. The Northeast is 16.4 percent from last year, and the Midwestern states are down 13.8 percent.

 

Overall, it is a buyer’s market for most of the country right now. That is due simply to the number of homes currently on the market, many from bank foreclosure. After several years of over-inflated lows, now we are finally seeing a drop in prices. This is placing many more homes in the laps of qualified buyers from the U.S. and other countries. Here in Naples Florida many of our out-of-country buyers are coming from Canada, the United Kingdom and Germany. The Euro is currently trading at about $.50 above our dollar and higher, making our beach real estate market even more enticing to European homebuyers.

 

 

 

*All statistics and quotations from Mr. Yun or are from the National Association of Realtors