Housing Market indicators will turn positive in 1Q2009
Related Posts: Credit & Finance, Real Estate News, What If Realty News
hiAlthough we will not know for sure until we have 12 months of data , I have predicted that all indicators will turn positive for Florida Gulf Coast real estate in March 2009. In meetings with Tampa Bay business entrepreneurs I have forecast an increase in housing starts, unit home sales, average selling price and first time buyers. This would be coupled with a decrease in actual foreclosures and wholesale bankruptcy auctions and the like.
But I believe that any change to limit the legal US Immigration flow, continued credit tightening, increase in capital gains taxes or repealing the Bush Tax Plan could change the beginning of a recovery for at least 12 months. When asked about the basis for my prophecy, I have explained that all of the many indicator trend lines that I track, are starting to cross each other and that will cause the bounce off the bottom needed on the Florida Gulf Coast and Florida Real Estate in General.