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Old 07-23-2010, 10:40 AM
 
Location: Punta Gorda and Maryland
6,103 posts, read 15,088,066 times
Reputation: 1257

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Here is an article that discusses the strong housing sales in SWFL, which is much stronger than the national average. I hope the trend continues as it will help lift the entire area, and help the jurisdictions with thier tax revenues, and as strong buyers come in, it will help spur demand, and stimulate the job market.

I hope that businesses figure out that a stronger influx of people in a decent financial position are moving here, and they will follow as well.

Strong showing in area home market | HeraldTribune.com
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Old 07-23-2010, 01:03 PM
 
Location: Sarasota, FL
1,642 posts, read 3,344,825 times
Reputation: 814
Paging dishingthe9411.

The countdown begins.

The question is: Is the Herald Tribune bird cage liner?

What we need is some consistency. Right now, the markets are just wobbly as hell and it is impossible to tell what info is truly promising and what is simply an anomaly.

I hope it's good news though.
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Old 07-23-2010, 01:57 PM
 
Location: Punta Gorda and Maryland
6,103 posts, read 15,088,066 times
Reputation: 1257
Quote:
Originally Posted by Rushmore View Post
Paging dishingthe9411.

The countdown begins.

The question is: Is the Herald Tribune bird cage liner?

What we need is some consistency. Right now, the markets are just wobbly as hell and it is impossible to tell what info is truly promising and what is simply an anomaly.

I hope it's good news though.

LOL! Very true! It is "what ever sells today" that's what they'll write. I will definitely concede that!
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Old 07-23-2010, 02:15 PM
 
Location: Palm Island and North Port
7,511 posts, read 22,922,074 times
Reputation: 2879
OK, again bird cage liner. The Tribune will write a story about how sales are awful next week. You wait I'll post it here when they do!

It's whatever sells the papers. Funny thing is, my family has been in the newspaper business for years. My father started one of the local papers when I was a kid and currently works for one. Sorry dad, but it's my opinion
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Old 07-23-2010, 02:49 PM
 
17,534 posts, read 39,131,539 times
Reputation: 24289
Quote:
Originally Posted by SoFLGal View Post
OK, again bird cage liner. The Tribune will write a story about how sales are awful next week. You wait I'll post it here when they do!

It's whatever sells the papers. Funny thing is, my family has been in the newspaper business for years. My father started one of the local papers when I was a kid and currently works for one. Sorry dad, but it's my opinion
LOL I know! It's a different tune every week! And you notice how even in a story with a positive title, they will often mention negative factors and vice versa. I hardly pay attention to the paper anymore.
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Old 07-23-2010, 03:16 PM
 
Location: Palm Island and North Port
7,511 posts, read 22,922,074 times
Reputation: 2879
Quote:
Originally Posted by gypsychic View Post
LOL I know! It's a different tune every week! And you notice how even in a story with a positive title, they will often mention negative factors and vice versa. I hardly pay attention to the paper anymore.
That's so true! I think they want to satisfy both the sides-the positive people and nay sayers.

It's what everyone's talking about so they have to figure out something to say on a regular basis.
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Old 07-23-2010, 03:17 PM
 
Location: Punta Gorda and Maryland
6,103 posts, read 15,088,066 times
Reputation: 1257
Here is an article that discusses that the national picture is going to be a different picture.
Sales of previously occupied homes sink 5.1 pct., show housing remains threat to economy - baltimoresun.com

I agree that the story changes based on what people's opinions are, and the facts available tend to be available to support any position one wants to make. All done by the very best, most competant expert in the world of course.

That said, I think SWFL (particularly where we are) is in much better shape than most of the country, and those that can afford to by here are doing so.

Everyone that is thinking of purchasing a home - no matter where they are - has to be careful. A lot of factors have to be considered (as I wrote about somewhere earlier), if the decision is going to turn out well in the long run.
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Old 07-23-2010, 04:24 PM
 
56 posts, read 236,473 times
Reputation: 43
When does a home sale count as a home sale? For example we signed our contract in Dec, and we will close next month. Is this a Dec or an Aug home sale?

Respectfully Submitted,
Catsupbottle
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Old 07-23-2010, 04:44 PM
 
Location: Palm Island and North Port
7,511 posts, read 22,922,074 times
Reputation: 2879
Quote:
Originally Posted by catsupbottle View Post
When does a home sale count as a home sale? For example we signed our contract in Dec, and we will close next month. Is this a Dec or an Aug home sale?

Respectfully Submitted,
Catsupbottle
It is counted as a sale when the contract is closed i.e. when you actually own the house. Many homes go under contract and fall apart for one reason or another.
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Old 07-23-2010, 06:27 PM
 
172 posts, read 472,555 times
Reputation: 58
LOL! You guys are funny!!

Not every article written about the real estate market is bird cage liner. The market is hard to predict, but there is one constant. The local real estate market is still overvalued. This fact leads us to the understanding that it is an unwise time to buy. The reason: we are riding the wave of the ‘expired’ tax credit. Also, the government has no will to infuse the economy with any more money as it is politically unpopular. So, in a few months we will see if the market has legs. I personally don’t think it does; there is still a way to go until we find the bottom. Although, I am in the process of lining my birdcage with this post as we speak.

Here is some wisdom found in the middle of the above referenced article:

[But the overall Florida market is still looking at serious challenges, not the least of which are high unemployment and little population growth, McCabe said.
"All the main indicators for a healthy real estate market are in the negative right now," he said. With nearly half of Florida homeowners currently underwater on their mortgages, it "only portends to a large volume of future foreclosures and short sales," McCabe said.]
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