Sunday, May 18, 2008

Good buys abound in Brevard

Brevard County is moving up.

About 16,000 new people come to Florida each day.

How do we capture our fair share in Brevard?

We have all of the ingredients of a healthy economic base: diversity in businesses, the corporate headquarters of several companies, an abundance of recreational activities and a climate many people enjoy.

The hiring of new employees adds to this strength in our housing market in both sales and rentals.

Brevard County's affordable housing market did not exist in 2005.

However, the current affordability will lure more residents to the Space Coast and pull us out of our housing glut quicker than other areas throughout the United States.

A continued upswing in sales and rental activity gives local residents the encouragement to sell now, even though the prices are low.

Residents can still get a good value when moving up to a larger home or scaling down to a smaller residence. It continues to be a great time to buy.

Action also continues to increase in the resale housing market, and developers are beginning to site properties for future development, but those new developments could take years to be ready for consumers.

Values on vacant lots ready for new construction are truly "outstanding buys" at this time. Builders are offering competitive prices for building single-family homes and paperwork for new permits is being filed.

Although there remains an oversupply of homes, condos, townhouses and land, consistent increased sales activity is apparent in all price ranges.

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