Historically when the real estate market goes down, the stock market goes up and vice versa.
I was so pleased last night, to see that Lennar Homes had an increase in their stocks up 7.25 (mol). This is some of the first signs of a shifting market as the market actually fell as a whole by almost 76 points.
I have been saying for the past few weeks that it is imperative to buy now - well, here's some proof that what I've said is true! It is important to act now before the rest of the world jumps on board and the market becomes a seller's heaven again - and it will, rest assured.
If you have been waiting for the bottom to fall out, it has already happened. The real estate market is starting to come back and it is crucial to make your deals NOW before everyone else gets the message that they don't have to take a low offer and that there are more buyers than there were.
If you are looking for a home in Tampa Bay, I am a 20-year resident of the area and welcome the opportunity to find you the home of your dreams. If you are looking for a keen investment, now is the time to act! Don't wait for the rest of the world to jump on board or you will have passed up the best opportunites!
The market may end up slow to recover but as soon as word is out that we are on the recovery end, there will be a stampede of buyers who have been waiting for their golden opportunity.
Even though this very encouraging news is in my face, I keep seeing articles in the media that contradict this. The following article entitled "How to Play the Real Estate Bounce-Back" was printed in the October 2007 issue of Business 2.0, which states on the cover that it is their "final issue". You can read the article by going to http://mag1.olivesoftware.com/am/getBookEnc.asp?Path=QlNOLzIwMDcvMTAvMDE=&BookCollection=BSN_AM&ReaderStyle=BSNMag&browserWindowWidth=1430&browserWindowHeight=850
The article states that there are 10 cities that represent the strongest investment potential and Tampa is not listed. This may be the way it was when the article was written but our Tampa market is already experiencing an recovery so all the media had better be prepared.
Thursday, October 4, 2007
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