HOME OWNERSHIP: Rising costs are impacting buyers. Energy, taxes and insurance are the leading concerns associated with home ownership.The outlook isn't as bleek as the media portrays it to be.There real concern are there ratings and nothing else. There is a fair supply of properties below the median price of $380000.
Another positive factor is that interest rates have continued to drop over the last few weeks. The Florida market looks bright based on the demand from foreign buyers and baby boomers. Foreign buyers account for 15% of the home buyers according to the National Association of Realtors Chief Economist. Eric Belsky of Harvard's Joint Center on Housing states that strong household growth and record incomes and wealth will lift housing investments to new highs in the next decade. Estimated household
growth in the next 10 years will accelerate to 14.6 million from 12.6 million. Since the 1950's Florida has been on of the most popular states. Snowbirds from the Northeast and Midwest and buyers from Canada, Europe and Latin America recognize the lifestyle and financial benefits of owning real estate in Florida. S. Florida offers some of the finest beaches, golf, a great climate, many different cultural events, art festivals, boating, fishing and so much more. Ft. Lauderdale is the Venice of America with it's miles of canals and Intracoastal Waterway.
For a preview of the properties available contact me tscbroker@yahoo.com or 800 578 3722.