home buying: The state of real estate. Lake Co FL January, 2011 - 01/27/11 10:23 AM
Amid much talk about a real estate "double dip", shadow inventory, and a continuing crush of foreclosures; the market seems to be reacting with a mind of its own. Here in the middle of Florida, a state hit hard by foreclosures, we are seeing what may be a new equilibrium.
Sure there is a lot of inventory, but not nearly as much as we've had. It's true that the vast majority of sales are still under $180k, but more high end properties are selling and showing. Investors are having a field day with distressed properties and they are rehabilitating these homes … (2 comments)

 
Gerry Suarez Jr., Expert Home Loan Advisor (Mortgage Financial Group, Inc.) Rainmaker large

Gerry Suarez Jr.

Expert Home Loan Advisor

Mount Dora, FL

More about me…

Mortgage Financial Group, Inc.

Address: 725 E. Alfred St, Tavares, FL, 32778

Mobile: (352) 516-9884

Office: (352) 742-7900

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Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!


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