Manatee - Sarasota real estate recovery underway!
It’s official the real estate recovery for our Manatee - Sarasota area is underway.
1. Yesterday I attended a local real estate technology and business expo in which a Certified Financial Advisor presented “10 signs the real estate market has bottomed”. He specifically addressed the Manatee - Sarasota market.
2. Today’s local paper ran this headline on the top of page one, “Manatee’s property values increase 11 percent”. You can read the article here:http://www.bradenton.com/280/story/63059.html
3. Today’s business section ran this article: “Realty expert: Recovery comingEconomist confident ‘Florida will have the highest price growth in the long term”.
“People should not bet against this region, the Bradenton-Sarasota-Punta Gorda area,” said Lawrence Yun, senior economist for the National Association of Realtors.”There is really no correction or recession in terms of home value,” Yun said. “Florida will have the highest price growth in the long term.”Read the article here: http://www.bradenton.com/business/story/62867.html
4. Released yesterday was this: “Florida economist predicts housing ready to recover”. A top Florida economist has declared the housing slump a done deal. “It will take another 18 months or so before closing volumes reach more normal levels, but the worst is behind us,” says Hank Fishkind.Read it here: http://www.floridarealtors.org/NewsAndEvents/n2-053107.cfm
5. Our preliminary look at the MLS statistics for May shows more absorption of inventory. This is a positive trend. For 3 months in a row the number of homes for sale has decreased. This is a positive sign of recovery.
Summary: NOW is the time to buy!!
