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Palm Harbor Realtors spend a chunk of time dispelling the negativity about the Florida real estate market. What we are seeing though is the real movement of inventory in both the Clearwater homes for sale and in Dunedin real estate, just to name a few prime areas in the Pinellas real estate market.
From our Florida Gulf front homes to our executive-style golf-front residences (at some great prices now by the way!); buyers are cleaning up. Sellers are becoming increasingly realistic on their pricing and we as Realtors have been able to be incredibly creative in our negotiations.
The things to be concerned about for buyers on the horizon are: the pending expiration of the home buyer and move-up tax credits (which have been extraordinary in their contribution to getting people into homes) and the March 30th deadline for the cessation of the purchase of mortgage-backed securities by the Federal Reserve. The projections for 30-year rates will almost certainly rise to more than 6 percent; but again, the current interest rates have been extraordinary in their contribution to getting people into homes).
To complete the Trifecta is (believe it or not!) home price increases in about 30 percent of markets.
To state the obvious…is now the time to buy? That is exactly what time it is.
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