Well.....guess it's that time again to dig deaper into what is going on in this market. Foreclosures are the hot item along with short sales..but what does that really mean? Where is the market going? Have we seen the bottom? What is yet to come?
Well all of these are great questions and you can find some wonderful answers at www.InvestSmarter.com where we are trying to keep the facts out there for everyone. Also the Destin Florida Condo market and Destin Florida Real Estate market can be tramps if you are not careful at investing..hence our new site www.real-estate-destin-florida.com where we help bring out a few points and encourage others to come together and talk about real estate matters like below:
Wave of Subprime Loans Ready to Reset First American CoreLogic reports that the number of subprime adjustable-rate loans resetting peaked at 7.61 percent of the loans outstanding in June, and more than 300,000 of the mortgages will adjust this summer. Data from the California research firm covers about 80 percent of the mortgage market. More home owners are facing an increase in the payment on their subprime adjustable-rate mortgages; and borrowers who are unable to refinance due to declining home prices could be pushed into foreclosure, which is already at a record level. "We may not see the impact in foreclosures until the middle of 2009," according to Mark Fleming, chief economist for CoreLogic. Source: Washington Post, Renae Merle (07/01/08)
So what does this mean? If you are a sideline buyer...you may not have to jump in right now. The key to any real estate deal is does it make sense???? If it doesn't, don't do it!!!
To many people look and buy out of gut feeling. Put pen to pad and see what makes the most sense for you and your family or your business. Take time to look online. We have established sites just for this...no worries, no houding, just simple searching to find what's available in today's market:
www.Destin-Florida-Condominiums.info
or
www.Destin-Florida-MLS.com
Both of these will help you find what you are looking for in the Destin Florida area when it comes to homes, condominiums, or commercial real estate.
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