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2001 Real Estate Predictions

As Julie and I do not have a crystal ball (wish we did), we can only go by what the news is telling us and what we are seeing.
House closings have increased for Julie and I in the last two months and according to what we hear, it is going to keep doing so, but slowly, which is the better alternative for all of us.  We primarily cover Hernando County, Florida (Spring Hill, Weeki Wachee and Brooksville) and have first time home buyers buying.  In Hernando County, because of USDA financing, it is still possible to do a "no money down loan".  You need to talk to a mortgage lender that is familiar with this program.  We would be happy to give you a few names.
We are clearly recovering from the "boom" slowly, but it is happening, and there is no better time than the present because indications are that interest rates are rising.  It is just a matter of time before home prices start rising again also.

What we are seeing is that the lenders are now adjusting to where they have to be in order to give mortgages.  At the time of the boom, they were far too lenient and then when everything came crashing down, they became far too stringent.  We hope they have learned from their mistakes and we can all move forward and improve the economy and the housing market which is crucial to the economy improving.

We will always keep you informed.

If you are looking to list your home for sale, we offer a variable commission rate!  If you are looking to buy, we can assist you in finding that perfect home!

Have a great day and enjoy!  Also we wish you all a HAPPY AND HEALTHY NEW YEAR!

Elsie Kempsey (352-428-5232)

Julie Ludovico (352-442-9386)
Team Tropic Hernando

Published Thursday, December 30, 2010 10:16 AM by Julie Ludovico & Elsie Kempsey

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