Quote:
Originally posted by Jesse_DD@Sep 28 2004, 12:28 PM
I think there will be a temporary drop in the average selling price.
This will be due to people selling homes that still need to be repaired,
and the like. In addition, I think there are a lot of people that were
prepared to move down to Florida that may hold off their plans for a
little while longer. Maybe this will last a year and then everything
should return to normal.
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I think people have short memories and hopefully will forget or it won't matter. I think the real estate values will climb very high and it will move through a transition making it expensive to live here. That in itself creates increases. If someone can afford the insurance they don't care especially if it's a second home.
One thing I do have to say is that most people were prepared. We at least have a good idea when a storm will hit and what we need to do.
DV