In Brevard County Florida it's Ready, Set, Go!

Hi Everyone!

I only have a few minutes, but I wanted to catch everyone up whats going on in our housing market. Foreclosures at every price range has become the norm. About 30% of our current listings are foreclosures. Almost every transaction we do right now has multiple offers. The people buying homes right now are getting amazing deals which are sometimes more than 50% of our markets peak prices a few years ago.

The biggest question I get is about consumers having a home to sell. What I tell them is that it is all relative. This means that sure you won't get what you would have received in 2004 for a home, but the buying opportunity right now is so good it makes sense to make your move now. Of course, you won't get what you want for your home right now, but this is probably your best chance to move up in your home and it might be the best chance of our lifetime! Houses that were selling over $1 million are now selling around $700k or so. Some are even selling at a higher discount.

I'm in CA right now for the holidays spending time playing with my Granddaughter until Jan. 2. We are coming into 2009 and between the Interest rates and low housing prices, this is the year. By the way, if you are a first time homebuyer...don't less this time pass you by. It might be more difficult to get a loan these days, but if you have good credit and have been thinking about it, take advantage of this once in a lifetime opportunity.

My Granddaughter is pulling at my leg right now...gotta go!

Happy New Year!

Mitch