My New Blog

     Has the market bottomed out yet? The good news for our area is the lower number of subprime and ARM loans that are hurting southern Florida. Other good news is the health of the Orlando job market of which we are considered a part of. On that note, the houses that are overpriced will have to come down if the seller really wants to sell, but savvy sellers - you know, the ones who are getting contracts on their properties - are there with buyers ready, willing, and able.

     Consider insurance reform should take some of the sting off, and tax reform part one will also help but the wild card is of course the interest rate. So far the Fed has left the overnight rate alone but rates have been creeping up over the last 5 months. This trend is expected to continue through the year. With that in mind, YES, it's time to buy. Especially if the purchase is for a long term.