It is no shock that CBS (as well as the other major networks) was bashing the real estate industry. The idea behind their report was to scare homeowners out of their wits (about the future of course)...keeps you watching I guess.
Funny thing about the report...they left out info about those markets that are projected to do quite well. I am enclosing a copy of the Case-Shiller report here as well as the article. It gives info on what the survey projections are...in reference to the best and worst markets over the next 5 years. To the surprise of many (but not those in my office who have been dealing with multiple offers on many beachside properties) the Brevard County, FL area came in second in the U.S. projections.
...before you think it is an overall recovery for the State of Florida...I can tell you in the projections four of the best ten areas in the U.S. are in Florida...and six of the worst are also in our State.
I will also tell potential buyers and investors that I think we have wonderful places to invest here in Brevard...as well as those areas that I do not have the same confidence in...based on the investment potential in the specific City, town or neighborhood (please remember all real estate is local).
Make sure no matter where you choose to invest...you should have a strong knowledgeable Realtor help you navigate this very tricky time...in Brevard County it will turn out to be very rewarding for those who choose correctly.
Here is the article:
If you have any questions about this article...or Brevard County, FL real estate...pleas do not hesitate to contact Jeffrey DiMuria at 321.223.6253 or email me at email@example.com
2018 Melbourne Ct, suite 206
Melbourne, FL 32901