At the beginning of this year I wondered about the housing market, and how could this crazy trend of flipping houses and new condo sales keep up from the last 3 years. Sooner than later stories began rising out of our communities that home owners were not able to keep up with their adjustable arm mortgages, and fluctuating interest rates. Some HOA (Home Owner Association) payments were doubling trying to keep up with the increases in insurance and property taxes, making those new condos undesirable and the investors unable to rent them out without substantial losses.
In my onion this market will flat line by the end of this year before some new legislation and government assistance will have to be utilized to help pick up the housing market in 2008. From then to now, home owners will have to either sit tight in their homes or take lower than ever offers on their homes for sale.
But we still have to take in to consideration that real estate is still the best investments we can make. The value of money (currency) will always depreciate since the government is always printing more currency than we have gold. Keeping our money inside of banks and CD's are probably not the best idea since there are formulas that show that over a 40 year period the value of one dollar will decrease to just 5 cents. This is why us, as investors or even just home owners in Central Florida, should hold on to our investments because we are growing as a city and our homes are still are best investments with low risks.
I started a Home Improvement Company that focuses on Remodeling and Improving for these reasons. My goal is to improve my client’s homes so that their investments are more enjoyable and more appealing for higher sales offers when wanting to sell the properties down the road. The upgrades we can offer also help increase the appraised value of the property, helping clients refinance and getting the extra money out needed to weather the storm in our housing economy. Visit my site and find out if Home Improvements or Remodeling might be something you could be interested in.
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