Tuesday, January 31 2006 @ 05:05 PM UTC
Contributed by: jron
Real estate is in constant waters for the time being, at least one source says. Real estate market is really difficult to predict nowadays. Facts are known from real time experience, the status of the market relies on the people behind it.
The obvious facts that one can give is that the media particularly news papers are the one who boost and also pulls the market down, in a study that The National Association of Realtors perform on over 28 major market areas in Florida there is really no bubble on those places despite the fact that the media will keep on predicting and boosting what the market should really be.
In California, where it's known that they have a negative migratory trend, in contrast to them Florida however posses a positive trend that circulates its market. Research says that from the timespan of 2000-2003, Florida did posted a net migration of over 541,000. California in the other hand posted a negative 277,000 complete reversal compared to Florida. But they predict that in the future Florida can potentially be the new California.
For now, investors on the area are in a good mood of buying, especially this kind of seasons where Florida real estate is on a good run, take Sarasota for example, they are listed on the top 5 cities which press calls young and energetic population migration. It's obvious that the demands are real.