Wednesday, January 09, 2008

Better News for Sarasota Real Estate Market

Real Estate Stabilizing in Sarasota

Back in forth conversation daily on CNBC and in newspapers around the country about the subprime crisis and its broad impact on the US economy can be read or heard every day. Short sales are becoming normal as sellers who need to sell due to a relocation, etc. market their homes for sale. The Sarasota MLS even has a new rule in place of short sale/foreclosure searches. Real estate sales are challenging.

Some economists and forecasters are starting to mention that the market in some areas shows signs of stabilizing. In Sarasota, buyers are definitely coming back into the market. It is likely that the Miami real estate market will take longer to recover, but South West Florida, particularly Sarasota is a special community. Buyers still watch this area and look for the dips. Don't miss the dip!

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