Florida Housing Slow and Sinking As People Try To Sell A House Fast

(EMAILWIRE.COM, July 12, 2007 ) ST. PETERSBURG, FL – Gone are the days of home buyers lining up in droves to bid dizzying amounts in all cash offers for houses that kept jumping in value at rapid rates in the early years of this decade. Instead, what confronts today’s single family house sellers and buyers is a changed real estate market that is awash in houses, not with easy mortgage money.Greg Forster, a real estate investor and the Clearwater, Florida affiliate for TheHomeBuyingCenter.com commented that it is a buyer’s market these days in his area because so much inventory of homes from builders and existing homes exist. Nevertheless, he says, “we buy houses all the time because we’re committed to helping people sell their houses fast in case of things like divorce, foreclosure, problems arising from inherited houses, and job transitions and relocations.” Companies that buy houses like Greg’s are increasingly doing business on the internet and people are searching for alternative ways to sell their house find him in Google.com instead of using the traditional Realtor® route to sell their home quick.Housing statistics in Florida reflect Mr. Forster’s observations. According to the Florida Association of Realtors® (the FAR), existing single family homes sold at a 34% lower level this past May compared to the year before. In 2006 19,072 homes were sold; this year the number was 12,607The FAR also reported that the median sales price for existing single family homes in Florida was $237,000, down from $250,100 the year before, a 5.2% lower figure.Contact:Patrick McGilvray, J.DTel: 916-920-3278 ext 2### This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Patrick McGilvray, J.D.

patrick@thehomebuyingcenter.com