No Bubble...No Panic

I think when a so called Real Estate expert starts to talk, someone should tape their month.
I have already heard a couple of news casts talk about "another Real Estate Bubble."

Yes prices have gone up since last year, Yes there have been more sales since last year.
Here are the real facts. Here in Florida in January, February, and March, we have Snow Birds from all over the U.S. and Canada and other parts of the world looking to buy a winter home here. They sign purchase contracts during those months. Therefore sales "closings" or as some of my Boston friends call it "Pass Papers" during April and May showing an increase in Real Estate sales for those two months. So lets wait and see what happens in June and July.

Now I know coming from the North East myself, the spring and summer months will pick up with single family homes. Still this dose not mean a another Real Estate Bubble. So lets wait and see what happens in June and July.

Now back in 06, 07, if you tuned into a news show such as CNBC, all you hear was the Real Estate Bubble, when would the crash come? It made me sick.
While listing and selling back then, I remember a place where I sold over $2,000,000 in condos. During that time there was consistently 40 + condos for sale listed on MLS every month for over 2 years. Some stayed on MLS for over a year.
I had many listings there. When I asked why  are you selling, I had a verity of answers. Take the money and run, going to make money and live with my kids, and some even said I don't know, everybody else is selling.

Panic then, no panic now. That same condo complex has as of today 12 on the market for sale.
Inventory is low, prices are low and mortgage rates are low. A great time to buy your new home here is South Florida.