Florida Housing Market - 34% Increase from Last Month!

Dear Florida Home Buyer,

I have important news!

If you want to buy an affordable home, second home or investment property in Florida, there is no time to waste! 

NOW
is the time to purchase real estate in Florida!! 

Inventory is dropping and prices have never been lower!

Please read the link below of an article stating that Florida sales have been increasing for 13 consecutive months!

Florida Realtors Article - "Florida's existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®."

"Florida's median sales price for existing homes last month was $142,000; a year ago, it was $174,900 for a 19 percent decrease. Housing industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less."

**The important news is Economics 101.........as inventory disappears, prices WILL rise.  Buy now or forever hold your peace.

[Remainder edited for content]

  • October 26 2009 - Fort Lauderdale
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    Answers (7)

    Profile picture for mrfnuts
     
    • October 26 2009
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    Profile picture for mrfnuts
     
    • October 26 2009
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    Profile picture for mrfnuts
    Yeah Ellen!  How many drive-by cliché's could you spew out in 1 post:

    1) The inventory is falling argument:

     'Inventory is dropping and prices have never been lower!
    Please read the link below of an article stating that Florida sales have been increasing for 13 consecutive months!
    '

    True, sales can pick up.  Give enough of a price reduction and buyers are bound to come out of the wood work.
     
    2) The price has bottomed argument:

    "...Florida's median sales price for existing homes last month was $142,000; a year ago, it was $174,900 for a 19 percent decrease..."
     
    A 19% decrease (especially after a 200-300% increase) hardly signals a bottom.


    3) Quoting the NAR as though they should even be an authority any more:

    'Housing industry analysts with the National Association of Realtors® (NAR) '

    No comment really needed here.  Did you also read David Lereah's now classic Novel (Why The Real Estate Boom Will Not Bust' ©2006 ) where if you actually completely ignored his advice and did the opposite you would have sold out at the top of the market and make a killing?

    4) The foreclosures should not be considered comps argument:

    '... note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. ...'

    Yes, of course.  Those pesky foreclosures.  Apparently affecting the 'real prices' of homes.  gmafb.

    and my FAVORITE:

    5) The economics 101 closing statement:

    '...**The important news is Economics 101.........as inventory disappears, prices WILL rise.  Buy now or forever hold your peace....'
     
    I tend to find that when people use the 'Economics 101', they have neither taken any 'Economics 101' course, nor do they understand it.  But it sounds great when you're trying to make a point that you have very little evidence to support.
    • October 26 2009
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    This is clear violation of the spam policy.
    • October 26 2009
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    Profile picture for Mr Caveat
    woo woo, the gravy train is pulling out, there is easy money to be made, but you have to act in the next 45 seconds if you want this fabulous free toaster!
    • October 26 2009
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    Profile picture for Corcoran1
    sure ellen
    • October 26 2009
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    This is epic self-promotion. Edited!
    • October 26 2009
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