ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
08.10.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


Timing is Everything in Florida

Author: Lindsay Kaplan Author Ranking Blue | Posted: 19-03-2007 | Comments: 0 | Views: 36 | Rating:  (50) Article Popularity - Green (?) Got a Question? Ask.
Sign Up Now!

The real estate market in the sunshine state has been particularly cloudy over the past 18 months. The Florida market attracted a high number of speculators during the boom years up to 2005 and has suffered badly in the recent downturn. But there is hope for the market and there are positive signs that 2007 will see some growth and conditions are improving. Don't expect a quick recovery but there will be gradual improvement as sellers lower their prices to attract buyers. There is demand for affordable housing and this is a very good time for buyers to consider their options.

The real estate downturns of the past 20 years have been caused by recession and job losses whereas the present downturn is characterized by affordability issues and investor speculation. A lot of people speculated on the Florida housing market and believed that they could make quick returns on their investment. This pushed the market to an unsustainable high. Property is still a sound investment if you are prepared to hold on to the property for a few years. Florida remains an attractive state for people to move into, the economy is strong especially the tourist sectors and jobs are being created. This is all good news for the housing market. There is over supply in the market but I expect this to balance out over the next 6-9 months.

Activity will pick up in spring 2007 as sellers become more realistic about prices and buyers begin to realise that homes are affordable and there are good deals to be had. Job security is good, interest rates are low and there is a big choice of decent homes so it is a great time to be a buyer. Sellers are also offering a range of incentives to encourage buyers to complete deals.

2007 will be a challenging time for the market but it has stabilized and conditions are favourable for buyers. It is expected mortgages to remain low this year but there will be a rise in refinance loans as people swap their fixed rate mortgages for ARMs and some people will begin to release the equity which has built up in their homes.

Rate this Article: Current: 0 / 5 stars - 0 vote(s).

Article Source: http://www.articlesbase.com/finance-articles/timing-is-everything-in-florida-118390.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:

Lindsay Kaplan is a licensed real estate agent and broker in many USA markets including Florida mortgage, home equity and debt consolidation. Read more Florida home loans articles at www.loansplanet.com.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Families Called Upon To Provide Deposits
By: Abbi Rouse | 12/05/2008 | Mortgage

Computing for your Home’s Sale Value
By: Eliza Maledevic Ayson | 09/10/2007 | Real Estate

New Types of UK Mortgages
By: Sam Enright | 21/07/2007 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

The Emperor's New Clothes or the Employee's New Woes!
By: Stephen McNiel | 21/03/2007 | Real Estate

How to Make the Best Deal in Miami Real Estate Investing
By: Eliza Maledevic Ayson | 09/10/2007 | Real Estate

Make Sure to Have Approved Mortgage When Planning to Purchase a Home
By: Eliza Maledevic Ayson | 09/10/2007 | Mortgage

How Can Home-owners Get Better Deals?
By: Devora Witts | 12/03/2008 | Loans

Home Loans - Make Sure You Know The Basics
By: James Copper | 04/04/2007 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

$ Cheque
By: Sujith | 27-08-2008
If I have a check which is payable to a person in india in $ and that person does not have a $ account in US can that check be deposited to their indian bank account? Will the indian bank process that check?

Trying to located information on home in Alabama
By: gail | 27-08-2008
The above obtained the home on parcel #3115030700012970000000 in 2005 for taxes owed to the Treasury of the State of Alabama. The current residents have abandoned this house several months ago. I am interested in the status of said house at 1713 State St. Gadsden, AL 35904. Any help to find the owners of said property will be greatly appreciated..                                              Contact Gail Redden                                     Ph. 256-543-3922 or 256-295-1403                                     email    Spikemgr@aol.com    

My mother needs a medical procedure -laminotomy ...
By: rbaxter828 | 27-08-2008
My mother needs a medical procedure -laminotomy/foraminotomy and facet thermal ablation with the laser spine institute. Her cost is $18,000. Need to finance full amount. Have checked with carecredit and medchoice. Cannot afford the $300 + a month payment.  Can you help me. Thank you  ruth baxter

Is Mobile Banking useful for the ...
By: arllyn | 27-08-2008
Is Mobile Banking  useful for the customers?

I purchased an item from a retail store. I ...
By: Jackthecat | 27-08-2008
I purchased an item from a retail store. I mistakenly purchased the wrong size cap. When I returned to the store to exchange the item I was told that items 'on sale' were non-refundable. No sign in the store indicated that. I was told that the policy was in fact printed on the sales receipt and it was. I then asked for an exchange and was told if I could find another cap in the ' sales inventory on the sales floor I could make the exchange. No cap was available and I want the store to rectify this or I will file a complaint with the BBB. Am I out of line ?

What percentage of home loans are in default?qt=q
By: carledon | 26-08-2008
What percentage of home loans are in default?qt=q

Q&A Powered by:
Powered by Yedda 

Latest Finance Articles

Stock Market Advice - Be Careful Who You Listen To
By: Bruce Lipski | 08/10/2008
You can get stock pics almost everywhere including magazines, TV shows, radio shows, The Internet and probably many other places as well. One thing is for sure, there is no shortage of opinions.

Learning Proper Money Management For College Students
By: Jamie B. McIntyre | 08/10/2008
It is tempting for college students to just throw caution to the wind and enjoy life as it comes. I mean, you are only young once and there are so many things to enjoy while you at that age when you are totally energetic and feeling full of excitement and...

Off Shore Incorporation In Ras Al Khaimah Is The Quickest In The Middle East
By: Ramapati Singhania | 08/10/2008
Off shore incorporation in Ras Al Khaimah [RAK], one of the fastest growing emirates in one of the fastest growing economies of the world - the United Arab Emirates [UAE] is the easiest to do in the Middle East.

BVI Offshore Registration: All That You Need To Know To Get Started
By: Ramapati Singhania | 08/10/2008
BVI offshore registration is certainly cheaper than Lichtenstein or Luxembourg and extremely popular. More than 6,500 companies are incorporated in this jusrisdiction every month!

The History of the Global Forex Market
By: Orlando Thompson | 07/10/2008
In this article we explain what the global forex market is and how it came to be this is very insightful information that will help you in your forex trading system choices.

How To Go About Improving Your Credit Score
By: MIKE SELVON | 07/10/2008
While it'd be nice to live a "credit-free existence," it can be difficult to do so in today's world.

Self Directed IRA Possibilities With A Small Business
By: Jerry Glynn | 07/10/2008
It is normally not possible to set up a self directed IRA with a small business. This article describes a little known strategy that can be used in conjunction with a small business.

Understanding Debt Consolidation Loans
By: Richard Greenwood | 07/10/2008
It can be all too easy to end up in debt and especially during the current times of financial uncertainty you may find yourself unable to make repayments. Consolidating your debt can make your debts easier to manage and lower your interest charges meaning you become debt free faster.

More from Lindsay Kaplan

Debt Consolidation - Good or Bad Idea
By: Lindsay Kaplan | 04/04/2007 | Debt Consolidation
Debt consolidation is essentially combining all your outstanding loans into one loan which pays off the others, so you only have one monthly payment. In theory it sounds like a sensible approach to your debt problems but you must do your homework before you commit into a debt consolidation loan.

California Refinancing Explained
By: Lindsay Kaplan | 04/04/2007 | Mortgage
The housing market in LA appears to be bucking the trend in the rest of the state and average prices are on the up. So although many experts thought that the downturn would affect the whole state, the high priced market in LA is holding steady and the mid to low ranges are holding up.

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below