More evidence of market turnaround!

Here's a thought for you...
When you think of 2 consumer advocates who comes to mind? I think of Jim Cramer and Suze Orman. Both are rumored to be buying Florida real estate. Hmmm...

Statistics are getting better. Quite frankly, I have not told customers its getting better...until recently. We have a wonderful climate for a turnaround. There are 2000 less properties for sale than there were a year ago and much more is selling. Check out this graph...

May '08 vs May '07 we are up over 30%. Good news for me :). I told you this was happening. If you have been reading my posts I am telling people on the fence to jump off. This year is the year of opportunity and it is NOT too late. Here it is in a nutshell.

The market slowed a few years ago. The buyers went away. Sellers were only willing to lower so much before they gave up on paying their mortgage. So, the lender got stuck without a chair. As you know banks do not want to own property. They will never rent and the property sits on the liability side of their asset sheet. It minimizes their ability to do what banks do best...lend money.

Now the banks are forced to sell at extremely low prices. Remember, there is not an unlimited supply of these REO properties. I have a list of only about 300. The list really has not grown. Each day some sell and some new ones come on. So, do you plan to wait until the market has already started appreciating before buying? Do you plan to continue to listen to the media's love affair with the bad news? The media was still talking about the high cost of living in Naples 6 months after this headed south. They seem to be about 6 months behind every story. I am writing the story now.