S & J Journal

I wanted to share this interesting article from CNN news: "The housing market has made a big comeback over the past year; home prices have surged some 8% and homebuyers can't seem to buy up properties fast enough. But just as quickly as the market is gaining ground, some industry experts worry it will come crashing back to Earth. Here are three reasons the housing market recovery may not last..." Read more.

Late last month , Redfin released a quarterly survey of homebuyer attitudes that included answers from almost 1,000 home shoppers in 19 cities...It appears buyers are frustrated by having to bid  against other buyers on homes, since inventory is low in some markets.  People are having to compete for properties and 70% of buyers said they’d encountered multiple-bid scenarios. The survey ran from August 16-22. Interesting survey findings: ·          46% believe now is a good time to buy, down from 56% in the first quarter ·          32% believe now is a good time to sell, up from 13% during the first quarter ·          61% believe prices will increase, up from 32% during the first quarter Read more: http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=280578