Today's Snapshot

Finally, good news from the front. Real Estate sales are up! Yes, that IS what we are seeing. Traffic has drastically improved. Investors, first time buyers, folks looking to up size are out looking at the inventory. Prices have not show any increase ..... YET.
As with any product or service, as demand increases, so does the price. So, if we continue to see sales increase and start to see inventory decline, price increases will be close behind.
Right now, almost all sales are foreclosure properties. High portion of listings are still bank owner properties. This will keep sale prices low until the inventory pool changes. Once many of the foreclosure listings sell, prices will begin to rise.
What does that mean for you?
Nothing yet. One month is not a trend. If sales continue, buyers need to get serious and pick a property they can make a home. Remember, the fist time buyer incentive of $8,000 is only good until December. Investors need to start locking in those great deals. Sellers still need to hang on as long as they can.
Is this the time for you to buy or sell? Let us explain your options. Our consultants will help you make the right descision for your goals.
Call RSP International Realty today for your private consultation.
954-472-6251

Chris Pardo