Florida Real-Estate

[Dianna Vesta]

I’m just curious… Do you think that property values will maintain, drop or rise? How many people do you think have had enough and are looking to sell cheap and get the hell out of Florida or at least off the coast?

I’ve noticed an increase in postal mail from mortgage companies looking to refinance and it seems like a bunch of investors looking to buy property real cheap. I have always done well with real estate and can somewhat predict trends but I’m having a hard time deciding on this one.

My instinct tells me that we’ll continue to see investors trying to steal properties but that a lot of people will hang on for insurance, upgrade and then perhaps look to sell. I think that this winter there will be a lot of Florida sales in all areas. I had some land for sale that I’ll probably take off the market until I see what it does. I’d like to purchase some section 8 properties and just hold on to them. The state is looking for housing now for 1000’s of people. I had wanted to do this before the hurricanes but even the section 8 low rental housing properties were 80K and up. It will be interesting to see which way it falls.

DV