Monthly Statistics from SAR

The numbers are in for January and things do look much better than last year at this time. Just back from a seminar in Tampa where the guest speaker was Hank Fishkind. The general consensus is that we are bottoming out and things will continue to improve SLOWLY for the next 3 or 4 years. One of the interesting things mentioned is that just about everyone thought interest rates will go up by the end of this year. Most thought we will see 8% mortgage rates in 2011. It may truely be the best time to buy while things are bumping along the bottom and interest rates are low. I had a client voice what may buyers are thinking…”this may not be the exact bottom, but it’s close enough”. Click here for the SAR numbers: http://www.sarasotarealtors.com/Jan2010Stats.pdf