Home sales at 10 year low

Jul 24, 2008 Full story: money.cnn.com

Sales of existing homes in June slowed more than expected and hit their lowest level in 10 years, according to an industry trade group report released on Thursday.

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“Bright Energy Solar Saves $$$”

Since: Jul 08

Metro Orlando, Fla

#1 Jul 24, 2008
I am Mike Norvell Sr, with Developers Capital Realty of Central Fl. I thought it would be time for some good news. We are working with a number of smaller investors, in the 1 mill to 3 mill range, on Bank REO pacakages here in Central Fl.
It is necessary to have some good contacts, and we are getting plenty of inventory to look at.

Last week I had a investment firm from NY call to take a look at several packages, this month may turn out to be one of our best.

So as the world is thinking its a bad time to invest, many think its a great time to buy into distressed Real Estate in Fla. I think its a very good time to do just that.

We have been working larger land deals and finished lots, but suddenly these deals are gathering dust..I can't believe you can't get 30 cents on the dollar for finished lots in subdivisions...but, bank portfolios will work right now, there are plenty of small deals here.

Anyone else got any good news??
Mike Norvell Sr
Look me up on Active Rain
Ian Oliver

United States

#2 Jul 25, 2008
Good news? Why yes!

In the very same set of statistics this CNN report quotes, there's some very bright news indeed, as outlined in http://activerain.com/blogsview/607392/A-Good...

What's that? Median prices are up 10% since Feb 2008!

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