Slow But Steady

The meteoric rise and thunderous crash of the real estate market has dominated the headlines since 2002. More recently, the increase in foreclosures, the drop in real estate values, and the excess inventories have created a sense of doom. But, before you write off real estate, keep in mind that not all real estate is created equal.

Take the second home and pre-retirement segment of the industry, for example. The buyers for these homes are looking at the current real estate climate as a tremendous buying opportunity, a chance to get what they have been planning for but at a steep discount compared to just a few years ago. Much of the buying activity in the second home or pre-retirement market has been attributed to choice inventory being available in highly desirable parts of the country.

“The best lakefront, oceanfront, and mountain properties in high-demand locations like the mountains and beaches of the Southeast, are now available and affordable compared to just a few short years ago”. The tide is turning, customers are beginning to come back to real estate – we are on our way to a slow but steady recovery.