Signs of a Recovery?

By
Real Estate Agent with Downing-Frye Realty, Inc. Naples, FL
http://actvra.in/zt7

OPTIMISTIC OUTLOOK, Part 1

PART 2

Not one article, report, survey, talking-head opinion, or whatever sways my thinking one way or another. I treat all of them as 'just another data point.'

Those who follow my posts have come to learn that I approach things quite analytically and try to look at the data, report it as it is, and offer my views on the subject. I do try to stay away from subject matter where I'm not an expert - i.e. overall economic rebound (or not.)

However, I've been taking mental note of the number of occurrences for real estate mentions within overall economic news. The housing market is, after all, a major driver in the economy and the recovery should there be one. Many believe that it has begun, slowly albeit. The slow part of the recovery is what's hard to take, we all want instant gratification. A slow, stable, soundly fueled recovery is what we need, though.

Back to real estate. The clipped article above presented on front page of the Naples Daily News talks about housing and the rebound as a part of the recovery among other things here in southwest Florida. It claims that signs have been there since 2009. That I can attest to starting with the rock bottom pricing back then. It has been happening for some time now. Inventory has dropped dramatically, median home prices are going up, new developments are popping up all over (and selling!), new but previsouly stalled developments from the housing crash are all in recovery with new developers and builders, restaurant, hotel, and sales tax revenue are all up, and lastly our seasonal rental market has been red hot. (Side note: renters had to scramble for 2012 winter rentals and were lucky to get them, many didn't. Right now, renters have already booked 2012 winter rentals. If you want one and haven't done it yet, get going!)

 

 

So this article above is one data point, not too long ago I attended a real estate specific economic meeting with renown economists (article left) and it was reported that home values could be up in the Naples market 10% by December 2012. I routinely hear similar real estate recovery news in the nationwide media and see it in real estate reporting Internet outlets. When you compile enough data points, you have a trend.

That's my view...what's yours?

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Topic:
Real Estate Market Trends
Location:
Florida Collier County Naples
Tags:
southwest florida real estate market
naples real estate recovery

Comments 2 New Comment

Rainmaker
295,441
Bud & Beth McKinney
Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX United
RE/MAX UNITED

Everyone wants to hear the optimistic side, not the negatives to the world around them. Even if the change is slight, they see it as noteworthy.

April 29, 2012 08:44 AM
Rainmaker
1,091,124
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

I agree that it's slow and steady...perhaps in year 7 of a 7 to 10 year cycle?   "Natural" uptick, then?

April 29, 2012 10:03 AM
Rainmaker
271,734

Bob Pisa Downing-Frye Realty

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Additional Information

Bob Pisa Downing-Frye Realty

Outstanding Performance Award: 2011
Top Performance Award 2012
Gulfshore Life Magazine Five-Star Award: 2010, 2011, 2012, 2013

Author Bio: Bob Pisa moved to the Naples area after spending 30 years in the Boston area. He was raised in the metro-NYC area and graduated from the Rochester Institute of Technology (Rochester, NY) in 1974. His career has been primarily in high-technology manufacturing and enterprise software for multi-national companies. Bob was also a successful small business entrepreneur and ultimately sold his start up business after six years of operation to a major corporation. He is the former Vice President for the Grandezza Master Homeowner's Association (two terms) and former President of the Santa Lucia Homeowner's Association (three terms.) Bob attained his real estate license in 2005, and is working in commercial and residential real estate. He is a member of Naples Area Board of Realtors®, NAR, and Florida REALTORS.