A time to be thankful

Ho, ho, ho

Happy holidays.

We're happy for the continuation of falling home prices making shopping for affordable houses a lot easier on the pocket book.

According to the latest report from the Florida Association of Realtors the Manatee/Sarasota area had a 13 percent drop in homes sales year over year for November, 482 this year compared to 556 last year.

Home prices dropped 35 percent from a median of $267,700 to $172,700. Hm mm, that was actually an increase of 2.2 percent over October according to the Sarasota Herald Tribune.

For a lot of people this may mean a half empty stocking. To me the stocking is half full.

The continuing drop in home prices is making it much easier for first time buyers to get into the market and for second home buyers to purchase that dream property they always wanted.

And yes lenders are still issuing mortgages.

So there is much to be thankful for this Holiday season in my mind. We're actually bringing a lot of people priced out of the market back into it.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com