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July 9th, 2009 categories: Tips For Buyers

“Leading Indicators Say Worst May Be Over”

After years of the media helping create a panic, that in my opinion fueled the housing crisis, we are finally getting to read refreshing news. Don’t take me wrong…there were many reasons that caused the crisis; but the media helped create the panic that took us in the downward spiral.

Now, let share the good news!

We will focus on the bright side of a 47% increase in sales compared to the same month last year.

Isn’t it Time for Fireworks???

In the following article Have our housing crisis hit bottom? they quote UCF finance professor Stanley Smith “The latest quarterly reports of positive appreciation or losses close to zero reinforce the possibility that the losses are at or near the end”. We have been following closely in the West Broward Real Estate Market. We have been able to experience first hand the fact that prices have been holding off much better the last few months compared to the free fall that we lived for more than 2 years.

I found another interesting article about How the FBI Mortgae Fraud investigations have surged and it includes an interesting graph about Broward and Palm Beach Market Median Prices. Be aware that the decrease in median prices is a better indicator than Average Price since it nos as sensible to the skews caused by the extremes.

We just hope the market stays in this healthy trend and we can experience a balanced market as soon as possible.

This entry was posted on Thursday, July 9th, 2009 at 4:06 pm and is filed under Tips For Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.