Daytona Beach Real Estate

Total sales of Daytona Beach homes and condos from the Daytona Beach MLS were 2900 in 2008. It will come as no surprise that this is the lowest sales level this decade.

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Low Prices and low interest rates present an unprecedented opportunity for the few who will take advantage. Here’s a plan from buying in 2009.

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Daytona Beach homes sales are up over 10%, inventories are down over 5% and things are really looking up. Not really, but these are two good signs, here’s why:

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Selling Daytona Beach real estate is a 365 day a year job. Only a few short years ago, time on the road was wasted time. No more. Staying in touch is easy.

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Freddie Mac Mortgage rates are at the lowest rate in history. If mortgage rates rise and prices fall, you could pay more every month for your home or condo.

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We’ve just published our November Daytona Beach Homes and condos sales report in video format. See sales by price range.

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Here is a quick analysis on the state of Daytona Beach Homes inventory using the sales numbers from November 2008. It’s not a pretty picture.

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FHA loans are available and the limits are rising in January. Are you qualified for an FHA Loan?

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The National Association of Realtor estimates that over 75% of all home and condo searches begin on the internet. If you are not on the internet with your property, you are limiting yourself to 25% of potential buyers.

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This is a move to get the junk off the balance sheets of banks and mortgage lenders. Unfortunately, the junk ends up on the federal governments balance sheet - translation is that you and me pay. Fox News just estimated that the total cost of the bailouts to date is about $24,000 per man, woman and child in the US. That’s a lot of money.

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