Florida Home Buyers and Investors Blog

We have seen a dramatic increase in home buyer activity throughout our office and from discussions with other agencies.  Although strong activity does not always translate into home sales, it is a good sign that buyers are out there and interested in the market.

We have a high number of stable employment industries in South Florida and this translates to people who have been on the sidelines priced out of the market now able to find a home they can afford.

Low interest rates, along with stable employment create a great opportunity for those searching for homes.

I recently helped a couple find a home in the Acreage of West Palm beach that would have been in the upper $300's is now in the low to mid $200's.  Amazing....

Another note:

Short Sales are not turning into sales.  The time and energy required to facilitate a short-sale has caused gridlock.  Banks are unable to respond in a reasonable amount of time to effect a sale and buyers are looking at alternatives.  Buyers are not being reasonable in their pricing offers and banks are not bending to accommodate potential buyers.  I fear the wave of short sales will be nothing more than a ripple until banks find ways of streamlining the process.