Interesting Stats On Brevard County, Florida Home Sales
I recently read an interesting post on the blog of a local real estate agent. It shows the ratio of properties listed for sale to the number of properties sold in my area. There is a graph included which has a time span of one year.
With so many people crying about the “housing crash” and how the house they bought six months ago is now worth $40,000 less than when they bought it, it’s interesting to me that over the past eight months there was a large increase of the houses listed for sale.
I would venture to say that this is caused by all the speculative buying done by so-called “investors.” It amazes me that these people would wait until the last possible moment to list the houses for sale and then wonder why they can’t get the houses sold and all the while paying that nicely increasing mortgage payment because they took out a adjustable rate mortgage to buy the place. Here’s an interesting post from the RealEstateBloggers.com about this.
But then again, about two years ago, I was told by more than one mortgage broker that I should consider a mortgage with a variable APR because, and I quote, “Variable rate mortgages are as good as fixed rate mortgages these days.” At the time, I really had to hold my tongue as I wanted so badly to ask these people if I sound (on the phone) like I was born yesterday because in my mind “these days” are not going to last for the next 30 years (or the term of any of my mortgages).
