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Signs pointing to the real estate market on the rebound.
Fewer homes for sale prices up a little Samantha to be Yankee -- -- -- real estate joins us now from Florida us America.
It was a small gain up about 6% according to one authority here.
And may be up about 5% according to Freddie Mac.
Now I'm saying that's pretty good news is it's a ray of sunshine what are you said that.
It is pretty good news especially here in sunny South Florida.
You know mortgage rates are at an all time low the lowest they've been in sixty years sixty years.
So people are seeing mess and they're jumping on this buying bandwagon.
The only problem that we have right now is the fact that you have to give up your first born in order to get a market -- what did you know it's yeah.
It's it's a good thing -- that they you know and and -- realizing that they need to be tighter.
And that is the way today's this real estate growth and and it at a batter economy.
Over off so it's America aren't gonna jump in for a second because I've said -- -- on this program.
That's the best value.
As an investment the best value today is not -- stock market not the bond markets now gold is not currencies is also that it aids -- single family home in a good neighborhood now look.
I know you're gonna agree with me because you sell -- I know you gotta agree.
But -- -- -- to something what you think.
You are on to something and it's you it's Europeans especially with -- what's happening with the Euro.
It's overseas buyers from everywhere in South America ends and of course.
Locals right here at your next door neighbor exists makes cents -- -- right now especially.
Weighing your paying a few hours and -- rent payment if you catch you if you patents.
-- the Doug -- I'm.
Homeowners in South Florida and in Miami and what I see is the market being fueled.
By Latin American Argentinian particularly current Brazilian buyers who show up all cash no questions asked is that a fair assumption.
Correct that is a fair assumption that is a fair assumption you do have these cash buyers so what I always advise my clients.
It's putting your highest and best you can't be -- in these low Paulson.
People think that oh well these there there are great deals I will -- that there are great deals however.
If you want to get a property.
You can't be -- around anymore you need to look at the list price and think okay.
If this is a great piece of property when he other people think it's a great piece of property is well.
And again it's not kiss you and in your next door neighbor you're dealing with the south Americans that are buying left and right.
-- -- and dog would you agree with this proposition.
This is a small bounce in a very depressed market.
A we will not get any serious rise in home prices and two we've got 4% economic growth.
And we creating 300000 new jobs each and every month -- the first.
I agree with you on that nothing's gonna happening and people.
It it's a slow process and of course if people don't feel secure people don't have a job.
They're not gonna feel secure buying a home and having a mortgage payment -- -- -- say it's it makes more sense for them since Iran at this point it's just.
-- couldn't agree more bottom line what I'm seeing in South Florida is the market was depressed 3040 even 50%.
-- just now coming back to where we work but we're not by any means past where the market what -- -- but I am seeing a -- not just in South Florida with the -- cash bonds from Latin America I'm -- the same kind of modest gains California.
Some positive sunny Phoenix Arizona.
They even million -- will mean I gotta tell you my real estate in Las Vegas is still deeply depressed yes.
It is from serious.
-- Samantha with not happening everywhere and -- thanks very much that they got such short notice today we appreciate it you know I think we'll see you again soon okay thanks a lot thank you have a great --
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