Good News Dominates!

I have to say it has been very refreshing as of late to read and hear all the positive factors affecting the Real Estate Market. Sales in Florida are once again on the positive and in some areas even setting records. The only negative that we are hearing is that the prices have eroded significantly. My answer to that is sure they have but what did you expect? The 2005 bubble (and it was a bubble) had to burst sometime and it sure did that. In the Polk County area it is my feeling that the market has bottomed out and we will once again return to some normalcy. When I first started selling Real Estate in the area in 2001 (it was a down market at that time too) we could still expect to see an average appreciation rate of 6%. It is my opinion that we will return to that (or better) in a very short period of time. As a member of Commercial Investment Division (CID) of Lakeland Association of Realtors I am fortunate to be in the loop as to the upcoming job creating projects that are forthcoming to Polk County. There were many projects put on hold as a result of the current economy but it appears that they will once again emerge in 2010. The key now is job creation and Polk County is right on the forefront of this development. Positive News don’t you just love it?