US housing market at bottom! Buy now!

After years of negative media coverage of the US real estate market, and particularly the Florida real estate market, it´s exciting to share two recent articles that finally sing to a different tune.

First, in USA Today, Jami Dimon (the CEO of JP Morgan who heads the USA’s largest bank with $2.2 trillion in assets) declared that the housing market had bottomed.  He gives advice to reader that as we see continued decreases in unemployment, that “you better buy that house you want really soon because it’ll change in price right away.”
Read the full article here.

Second, John R. Talbott, previously a Goldman Sachs investment banker who predicted the housing market collapse 2003, declared that it is now time to buy.  He notes that “it is always better to buy at a discount rather than at a historical peak, and these seem like awfully big discounts. And by my calculations, in most cities across the country, real prices adjusted for inflation have just about come into line with where prices were in 1997, before all this crazy bank lending started, so there should be little additional downside risk by buying today.”
Read the full article here.

The prices in Southwest Florida have never been more attractive, and there are still many opportunities to purchase new homes at below replacement cost.  It’s truly a once in a lifetime purchasing opportunity!

Published: January 20, 2012, Helena Nordstrom, sales associate, Signature Premier Sotheby´s International Realty, Sarasota, FL

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