Real estate investment looks good again
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During the last few weeks, I’ve received a large volume of calls asking about real estate investment down here in Florida. Many of these people think that real estate prices may be close to their bottom and I agree with them. However, they still see a chance to buy a property at a reasonable rate and perhaps make a profit on it.
The Wall Street Journal reports that people who may shun the stock market are looking at real estate investment. They think that now is the time to find that bargain. Of course, the type of people who are interviewed by the Journal are more likely to buy a summer home in the Hamptons rather than a 1 bedroom condo for full time living.
Down here in Florida, the real estate investment outlook appears to agree with the Journal’s observation. Home sales continue to rise for the fourth month in a row. Home sellers are holding more tightly to their asking prices, although there is always a little bit of yield. After all, buyers or investors need to feel they’ve gained some advantage in making the deal.
