My New Blog

There is good and bad to everything.  Currently all we hear is the bad.  But the gloom is not as deep as we are led to believe.  The good news is that home sales have stabilized over the last seven months and are expected to continually increase throughout 2008.  Most economic reports for Central Florida are stating that home sales this year have indeed surpassed those of 2007.   Prices are also expected to improve this year.  Within the next five years it is predicted that in those formerly hot markets, like Orlando, home price gains will again be in the 20 to 30 percent range. 

The remainder of this year will be about cleaning up the lending crisis mess.  Many markets will get a boost from a more stable mortgage environment, higher loan limits with Fannie Mae and Freddie Mac, and lower adjustable rates.  There is hope and optimism for the home buyer tax credit that has passed both the House and Senate, which would give those "would be buyers" a reason to get "off the fence."

We are not out of the woods yet, but we can choose to hang on to all the positive signs out there instead of being buried in gloom.  This is a year of repair which will be followed by steady growth.  All good things are worth the wait!