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Posted by Luckydog on 7/15/19 9:58am
Next year is also an election year, which traditionally is a flat year. Nobody knows what direction things are headed and will remain "as-is". Interest rates good now, people are jumping on board and refinancing down and buying like crazy here, people are also selling and getting higher prices. Not sure elsewhere, but Florida home prices are higher now than they were back in the 2007-2009 era and plenty of buyers. A once $100,000 home is now at about $250,000, and selling fast with multiple offers. Old apt. condo conversions once selling for $60,000 are now doubled or tripled that just in the past few years. With no affordable housing or rentals, people are buying them up. Orlando is really expanding and with the new space industry booming east, we have building going on everywhere and seller's getting really high prices quickly.
I have noticed here all the home builders want to make their monthly quotas and numbers, so our EOM are really booming. Mid month not so much here, but have been really steady, which is a good thing. Ride this coaster as long as we can. I have been through 2 big swings in my career...this will be no different, it's just when...