This is Hank Fishkind’s projection for the U.S. Economy. He is a noted Economist in Florida. 

According to Hank, our housing market has bottomed and better days are ahead.

Please give me a call if you have questions abour our Bradenton real estate market. You can reach me, Dan Forbes, at 941-746-0505 or toll free 877-646-8326. Also visit my web site at BradentonFloridaRealEstate.Com and my blog at The Real Estate ZOO.

Noted economist Dr. Hank Fishkind says of Florida’s housing market that “things may not be great but there’s also no indication that they’re getting any worse.” Fishkind says that the latest housing starts numbers confim that the market has bottomed out.

Fishkind does not believe that Florda resale prices will drop any further over the next 18 to 36 months.  He does think they will remain flat.

Fishkind’s website is a good resource for economic data.  You can see his latest forecasts and also his powerpoint presentations. 

In his weekly radio address on WMFE in Orlando He says, “While recovery may be some time off, it is clear that Florida’s housing markets have bottomed out.”

Please give me a call if you have questions abour our Bradenton, Florida real estate market.  You can reach me, Dan Forbes, at 941-746-0505 or toll free 877-646-8326.  Also visit my web site at BradentonFloridaRealEstate.Com  

Our Manatee County, Florida real estate market continues to reflect a strong Buyer’s Market with a total 36.8 month absorption rate.  This is how long it would take to sell all the homes currently on the market at the rate they are selling today.

The chart above shows the absorption rate by price range.  There were no homes sold above $2 million for the month of September.

The Total Market Overview Reports below show by price range:

• Current number of active listings
• Number of expired listings for the month
• Total Number of Pending Listings
• Number of closed sales for the month
• Absorption Rate
• Average List Price and Average Sale Price
• Average Days on Market
• Market Trend: Improving or Not
• Compared to 6 months ago
• Compared to 1 year ago

Total Market Overview - Residential

Total Market Overview - Condo

==================

Please give me a call if you have questions abour our Bradenton real estate market.  You can reach me, Dan Forbes, at 941-746-0505 or toll free 877-646-8326.  Also visit my web site at BradentonFloridaRealEstate.Com  .

Good news!Our local home sales are on the way up.

For the month of July we were THIRD among the state’s 20 metro markets.

Inventory is down for the third straight month. I am quoted in an article by the Bradenton Herald today, ” ‘That really is the first sign that we are bottoming out, when the inventory evens out,’ said Dan Forbes, co-owner and broker of Premier Team Inc. in Bradenton.”

Read the article here.
===============

I’m Dan Forbes and I want to be your Realtor and resource for all your Bradenton real estate needs.

The value of midsize and large homes declined more in the last year than the value of small single-family residences, according to a second-quarter analysis by real estate Web site Zillow.com.

The value of single-family homes smaller than 1,200 square feet fell by just 1 percent, according to Zillow’s report. Meanwhile, values of midsize homes between 1,200 and 1,900 square feet fell an average of 3.1 percent, and homes larger than 1,900 square feet declined 2.8 percent.

Zillow.com also offers a comparison of 66 metropolitan statistical areas on Zillow.com.

These findings are culled from that analysis:

The highest-appreciating metropolitan areas (year-over-year):
• Grand Junction, Colo. (18.6 percent)
• Corvallis, Ore. (11.2 percent)
• Charlotte-Gastonia-Rock Hill, NC-SC (9.0 percent)
• Eugene-Springfield, Ore. (6.9 percent)
• Spokane, Wash. (6.1 percent)
• Seattle-Tacoma-Bremerton, Wash. (5.3 percent)

Most-depreciating metropolitan areas (year-over-year):
• Sarasota-Bradenton, Fla. (-16.4 percent)
• Melbourne-Titusville-Palm Bay, Fla. (-14.3 percent)
• Stockton-Lodi, Calif. (-13.5 percent)
• Charleston-North Charleston, SC (-12.8 percent)
• Daytona Beach, Fla. (-12.5 percent)
• Modesto, Calif. (-12.4 percent)

Most expensive metropolitan areas:
• San Francisco-Oakland-San Jose, Calif. ($685,653)
• Honolulu, Hawaii ($632,270)
• San Luis Obispo-Atascadero-Paso Robles, Calif. ($537,722)
• Los Angeles-Riverside-Orange County, Calif. ($525,175)
• San Diego, Calif. ($505,334)
• New York-Northern New Jersey-Long Island ($445,435)

Least expensive metropolitan areas:
• Jackson, Tenn. ($91,563)
• Greenville-Spartanburg-Anderson, SC ($101,178)
• Tulsa, Okla. ($102,876)
• Dayton-Springfield, Ohio ($108,121)
• Rockford, Ill. ($116,475)
• Columbia, SC ($116,865)

Source: Zillow