http://century21amerisouth.com/HousingReport050708.pdf

Have question or comments? Write here or drop me an email. I would love to hear from you!

Buyers continue to be attracted by selection and interest rates. The sales pattern of increased activity is normal for this time of year.

We have programs available for buyers and sellers at Century 21 AmeriSouth Realty. If you or anyone you know needs help with buying or selling real estate, give us a call.

Please take a look at our updated video online:

http://70.184.45.173:8080/ramgen/reality/amerisouth.rm

Call me if you have real estate questions!

I further recommend that we all vote “YES” on Amendment One. This will help each homeowner and small business owner in the state and send a signal to local and county governments that they must carefully allocate our tax dollars.

We saw a nice little bump in activity at the beginning of the month. This coupled with the news that our sales (CENTURY 21 AmeriSouth Realty) were up 22% in 2007, got the year started off on a good note.

The news that Bank of America is buying Countrywide Home Loan is a good sign that maybe the worst is over in the mortgage industry. There will still be a large number of foreclosures that become available in 2008 but hopefully this will bring the investors back to the market this year.

Do you have a real estate question or comment? Let me know!

Inventory continues to shrink in the local market and demand continues to be low.

If we see another interest rate decrease soon, it could well spark a recovery in the real estate market.

My overall out-look continues to be optimistic as we head in to 2008.

Let us know what you think…..Comments?

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www.century21amerisouth.com

Recent sales data indicate that demand for homes in the $100,000 to $175,000 price range is stronger than expected. This is good news for first time home buyers and sellers too.

Inventory is still steady at about 5000 homes in the Pensacola MSA. This does not include condos which are still struggling in this market.

Different economist have differing opinions about when the overall housing market will improve but if interest rates remain low and employment steady, 2008 could turn out to be better than expected.

Do you have a comment or question about the housing market in Pensacola? Just post it here.

What does that statement mean? Well, the good news is that CENTURY 21 AmeriSouth Realty just surpassed last year’s sales figures for properties sold. The bad news is that each sale is a little harder because of the market conditions.

What does that mean for the consumer you ask? Well, it means sellers have to be more patient and buyers should not get overwhelmed by all the choices out there.

Now is a good time to buy but not a great time to sell. This familiar refrain will likely be repeated over and over till the first of the year but things should improve slightly by January 2008.

The current statistics are: 7072 residential units on the market today and 429 sales in the Pensacola market during September 2007. This is not bad news…. These figures accurately reflect what our market was like before Hurricane Ivan in 2004.

So it would appear that despite all the bad news about mortgages and sales figures nationally that we are rocking right along in Pensacola.

Have comments or questions? Let me know. I’d love to hear from you.

As of today there were 7270 residential units on the market in Pensacola. This is down slightly from a high of 7500 a few months ago but that number is likely to bounce up and down by 1000 units for the next several months.

There seems to be much wringing of hands & nashing of teeth occurring in the mortgage industry right now concerning the “sub prime” market situation. But from what I can tell, it has not been a problem in Pensacola. The fall out could be yet to come locally in this situation but so far the market, while slower, seems steady.

Do you have a comment or question?

Let me know…………. I would love to hear from you.

I have been swamped lately and have not updated this BLOG with a post in over a month. While I wish that I had not waited so long....it is an indication that the real estate market in Pensacola has been busy.

We have seen an increase in sales but some decreases in price too. There are still 7200 residential units on the MLS today but the increase in number of properties seems to have leveled out.

Buyers seem to be offering a good bit less than asking price on most negotiations but that should be expected in a buyer controlled market such as this one.

As I have noted in the past few months, now is a GREAT time to buy. And if you are selling, you can expect to move your property if your price is realistic.

Questions or comments welcomed!