State of the real estate market 2-12-07

The last couple of months seem to have been quieter than usual on St. Simons. The Brunswick market is posting more activity while the island market is in somewhat of a holding pattern with not a lot of activity. The activity that there is appears to be more concentrated at the upper and lower ends of the market. It doesn’t seem that sellers are in a position of lowering prices overall, more of just waiting to see what the next few months will bring. On the national level, economists are split, with some saying the recovery began late last year and is currently under way, with others saying the recovery will begin later this year. From the Florida Association of Realtors® website, please read:

REAL ESTATE FORECAST

Housing industry analysts predict a gradual rebound for the nation's
sluggish housing market this year. Freddie Mac Chief Economist
Frank Nothaft told attendees at the International Builders show in
Orlando Wednesday that he sees ''improving conditions in sales
and home starts continuing into 2008.''

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n4-020907.cfm

For further information about the local, southeast Georgia and Northeast Florida markets please contact me. Thanks, GP

This entry was posted on February 12, 2007 at 12:07 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.