As the FED is forced to raise the interest rates to attempt to keep inflation under control, the market is naturally slowing down a bit, right in the middle of this second sub-prime wave. As credit is getting looser on car loan for people with less than perfect credit, we are reminded of the first waves of 2007 and 2008.
What this means for South Florida, is that in the midst of this latest new condo construction boom, we can easily see a remake of the last pre crash era. Where prices are taking off once again at lightning speeds. Always remember that trees don’t grow to the sky, and that when you throw a stone in the air, it always comes down just as fast.
Cash buyers will still be kings in South Florida as the markets slows down a bit.
WE GUARANTEE YOU A CASH OR TERM OFFER ON YOUR PROPERTY WITHIN 24 HOURS. CLOSE ON THE DAY OF YOUR CHOSING FOR A REASONNABLE CASH AMOUNT, WITHOUT SPENDING ANYTHING ON REAL ESTATE COMMISSIONS, OR DOING ANY REPAIRS! CALL 954-696-9660 NOW FOR YOUR CASH OR TERM OFFER!