Real Estate Rebound in Daytona Beach?

Yes, we could be seeing the bottom of the real estate market in Daytona Beach and around the country.

Recently major economists and bankers have forecasted a recovery for the real estate market in 2008. Across the country the seven year real estate boom began declining in 2006 after years of accelerated housing appreciation. The market adjustment also was affected by the negative impact sub-prime lending practices in the mortgage market.

Now the consensus is that we have hit rock bottom and the only way the housing market is expected to go is UP! This may be the best time for home buyers to buy. The President and Congress are talking about stimulating the economy through tax cuts as early as March 1st. As recently as Monday this week, it was suggested by Democratic hopeful, Hillary Clinton that the government put a 3 month moratorium on home foreclosures in an effort to give some relief in these trying times.

This stimulus and slowly changing sentiments among buyers should produce a turn around and steady improvement starting this year. Although not at the levels of previous years, we are already experiencing a steady increase in the number of inquiries for Daytona Beach real estate information.

Technorati Tags Buyers, Daytona Beach Real Estate, Real Estate Market conditions

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