The Media is a Downer!

I am so tired of only reading negative news that I decided not to renew my newspaper subscription.  The media is especially grim when it comes to housing sales.  As a Realtor in the Tampa Bay area, I can tell you that housing sales are stabilizing and inventory is going down. Housing sales are up from last year and continue to increase so why doesn’t the media ever report anything positive?  Besides reporting all the negatives, their market statistics always seem to be a couple of months behind.  The negative media just keeps the potential buyers on the fence.  It is painfully obvious that now is a great time to buy a home.  Who knows how the low the market will go, but if you buy the home of your dreams for $20,000 more than you MAY get it for in 6 months then it is worth the additional amount.  There are some great FHA loans that only require 3% to 5% down and some that will even let you take additional money out to rehab your new home.  Mortgage rates are at an all time low and who knows when the low rates will go away.  There is a $7500 tax credit that is being offered to first time home buyers (you’re considered a first time home buyer if you haven’t purchased a home in the last three years) that will expire July 1, 2009.  The homestead exemption has doubled to $50,000. 

So why isn’t the media reporting anything but gloom and doom? 

For more information, please contact me at info@buytampafl.com.

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