Local real estate market begins recovery - article

[Kurt]

Local real estate market begins recovery | recovery, local, market - Business - Northwest Florida Daily News

The local real estate market halted its downward spiral in August, showing the first signs of recovery since the April 20 Deepwater Horizon explosion.


While no significant gains were made in overall sales over last year, there were bright spots around the Emerald Coast.


?Looking at the numbers, we are cautiously optimistic that the local market is recovering from the oil spill crisis,? said Mary Anne Windes, ECAR president. ?Although we are showing no gain yet, our pending sales are up.?

 

[DannyMarg]

Great article and it is true about rates are historically low and home prices are low. This is the time to buy. We should be seeing the market leveling out now and hopefully prices will start to get back to where they belong.

Danny Margagliano
www.SoldByDanny.com
850-830-4747

Local real estate market begins recovery | recovery, local, market - Business - Northwest Florida Daily News

 

[SHELLY]

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...so,--now let me get this straight--what you're really trying to say is...."Now is a great time to buy??"


(That one is for you Bobby J.)


.

 

[Rita]

.Is it delurking day?
.

 

[TNJed]

A bigger picture.

 

[Bobby J]

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...so,--now let me get this straight--what you're really trying to say is...."Now is a great time to buy??"


(That one is for you Bobby J.)


.

Thanks to you, I will never use that term... ;-) Should I call and warn Danny? He is a new agent and I promise he will be a good one. He is a real hard worker.

Btw, he is also one heck of a surfer.

 

[SHELLY]

Thanks to you, I will never use that term... ;-) Should I call and warn Danny? He is a new agent and I promise he will be a good one. He is a real hard worker.

Btw, he is also one heck of a surfer.

...just draw his attention to this full-page ad the NAR placed in newspapers across the nation in November 2006.

Newspaper Ad Says It's a Great Time to Buy

(In December 2008, the National Bureau of Economic Research declared the recession began in December 2007.....imagine that.)

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Then there was this:

The ambitious campaign aims to urge hesitant buyers to take action now, while interest rates are near record lows, inventory is supple, and prices have leveled off. Similar full-page ads will run in the same newspapers again on the weekend of Nov. 10-12.

In the days after the ad campaign launched on Friday, news articles about NAR's ?Buy Now? message appeared in dozens of well-respected newspapers, from the The New York Times to the The Sacramento Bee. Here's what some of them had to say:

?It may go down as the ?Got milk?? moment for the housing sector.? ? The New York Times, Nov. 3.

?Local REALTORS? at a media event yesterday said it's a lot better to be selling in today's ?normal? environment than in the five-year real estate boom when prices climbed 20 percent a year and multiple bids over listing price were offered on the first day.? ? The Baltimore Sun, Nov. 4

?The NAR ads say there are strong arguments for prospective buyers to jump into the market, with interest rates remaining relatively low and inventories of unsold homes still high.? ? Reuters News, Nov. 6.

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I'm glad you decided to throw that old, stale, misleading clich? in the dung heap where it belongs--that's one down, 1,088,918 to go.


.

 

[DannyMarg]

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...so,--now let me get this straight--what you're really trying to say is...."Now is a great time to buy??"


(That one is for you Bobby J.)


.

So, I didn't mean to use my words so loosely to start a battle or get anyone upset. So with that said. Thanks for the props, Bobby. Point taken Shelly. There are "some" good deals out there. In certain places for a certain type of buyer. Thanks for the input. I hope that is better stated.

 

[30ashopper]

Where do prices "belong" for Walton County?

"Lower", would be the most likely answer.

 

[ASH]

I think Danny deserves some sort of medal for being the one to draw Shelly out of lurking.

The world is a better place now that we have Shelly responding to one more hyped up message to calm the masses before they all run off a cliff.

Gawd I miss hearing from Shelly!