So you wanna deal on Longwood Real Estate. I completely understand… I do to, in fact with the gloom they are painting for retail this Christmas [and Yes, iI am one of the ones still willing to CALL it Christmas] I have thought about scooping up a deal on one of those super-duper flat-screens… but I digress. Back to your needs… not mine. =0)

When it comes to housing info, there are always 2 questions to think about:

1. How does this impact Longwood real estate buyers?
2. How does this impact Longwood real estate sellers?

Since these are commonly on opposite sides of the see-saw, housing data is rarely negative or positive on a universal level — one group of us is going to see a benefit.

Today, it’s home sellers. [Sorry buyers, the longer you sit on the sidelines, the greater the chances you are going to miss it. For those seeking Orlando FHA loans... that may be even more pronounced as the guidelines become more restrictive next year with higher down payment requirements and lower loan limits.]

Can I take a tangent here for a sec?

I recently came back from a mortgage conference and heard a very powerful speaker in the form of Gary Keller… one of the founders of Keller Williams Realty. He made a very profound statement that resonated with me. He mentioned that they call it a ‘buyers’ market… not a ‘waiters’ market. The main reason so many miss it is that they buy during a sellers market because they are afraid of ‘missing out’ but when a true buyers market arrives, to many sit on the sidelines. Since I do not know who the reader of this is, I can ‘call you out’ without being confrontational…

are you one of those?

Sorry back on track now, I promise. From the government, we learn that Housing Starts fell to their lowest levels since 1947 last month. Let’s define that. Housing Start - a new housing unit on which construction has started. One step further back therefore reflective of the future… building permits are down, too.

This is all good news for people selling their homes in the coming months but may be troubling for those deciding to wait till next Spring to buy… they may have missed the bottom by waiting. As fewer homes are built, existing inventory is consumed and therefore creates a movement in the supply - demand ratio that favors sellers.

With fewer new homes coming on the market, owners of “used” homes may feel less pressure to lower asking prices or to make other concessions. Home buyers often pay more when home supply is falling, or find that sellers are less willing to add “throw-ins” to a contract.

If you want to make sure you are primed to make a move in the Longwood Real Estate market before it is too late, getting pre-approved for a Longwood Mortgage is a great first step… I can even introduce you to one of Longwood’s Top Real Estate Resources.

(Image courtesy: The Wall Street Journal)

Chris Brown All Around Good Guy Trinity Mortgage 153 Parliament Loop #1001 Lake Mary, Florida, 32746	Work: 407 377 0500 x 210 Chris@OrlMtgPro.com www.OrlandoMortgagePro.com
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