Florida Home Buyers and Investors Blog

Welcome Back.  I hope you all had a very Happy Thanksgiving!  We are now in the home stretch of the year and investors are trying to get everything they can grab at 30%-50% below appraisal.  Although some banks can close before the end of the year, it is mainly CASH buyers that are getting the best deals.

We are recommending that buyers prepare for a very bumpy 2008, with some areas seeing some inventory reduction, while other will continue to lag.  We will let you know our predictions shortly.

As I mentioned in earlier discussions, we are seeing Builder Inventory levels decrease as large investment funds pick up everything not nailed down.  These foreign investment groups will dominate the market over the next 5 years, and will be able to control prices as inventory is reduced and buyers re-enter the market. 

What does this mean to buyers and future investors?  Unless you are looking for a resale, Short Sale, or Foreclosure, there will be a very limited supply of NEW homes, and prices will start to rise slowly.

There is doom and gloom now, but this is when savvy investors make their millions!  Remember the 80's with the RTC?  Savings and Loan fallout.  Well the government came to the rescue of the Savings and Loans.  Do you think they will let banks and investment institutions like CitiGroup and Countrywide go under? 

I am acutely tuned into changes in the market by speaking to Developers, Builders, Investors every day!  Keep in touch with me for the "Word On The Street".