Posted on Sunday, October 21, 2012
It seems like we are in an age of extremes. We are either booming or busting. A friend of mind likes to say we go from zero to sixty too fast with people lighting up over the smallest of issues. I think this trend in extremes carries into real estate predictions. With a solid stock market performance and some mental distance from the last downturn some folks are predicting a complete bounce back by 2015. Not so fast.
As I look at the local Naples, Florida real estate data this morning I see flat volumes. Prices are up, slightly, but it depends on the product and location – increases are not seen across the board. Sure, the market is A LOT better than three years ago but we are a ways from the go-go days of a few years back.
Florida Realtors is especially bullish on the future. This past week they reported “The housing market has been showing several signs of recovery, including home prices and home sales on the rise, new construction up, foreclosures falling and mortgage rates near record lows. Some economists are getting very bullish about the housing recovery and even predicting that the market will return to its “boom” level days in just three years (http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=4&id=282449). Wouldn’t that be nice?
Don/t get me wrong. I am a natural optimist – just a cautious one. If we see a pullback in government spending and an increase in taxes shouldn’t we have some concerns? If you are looking at buying a place make sure you like the place to live in or rent in case we see another pull back. Sellers, if that offer is close think hard on it.
We are absolutely celebrating the Naples, Florida real estate turnaround but let’s not get ahead of ourselves.
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All the best
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No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Some of the data relating to real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
NaplesBestAddresses.com
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