CNN Talks of The Bottom...Maybe a bit Late

Posted by Eric Miller on Wednesday, November 4th, 2009 at 2:21pm.

Talk all over the media about real estate at the bottom, as if a line has been drawn in the sand and all areas of our country are the same. I find this amazing. If they were all capable of making perfect timing decisions they all would have bought Microsoft stock 30 years ago, and been long retired, very wealthy. Lets just all accept that marking the bottom of this market is impossible, but properties are being sold for less than would cost to build, simply this is a trend that can't, and won't continue. The best inventory has been selling away for months, the crap is sitting, and sooner or later the best properties at these amazing prices, will simply be gone. If your thinking of buying let me be the first to say welcome to Fort Lauderdale, and with good guidance you will be hard pressed to make a mistake. Its great time to be a buyer in the Fort Lauderdale market and you will be buying close to the bottom, even if turns out to have already passed. I am pleased to announce over the last few weeks we closed another townhome in Wilton Manors at Valencia, two units at The Tides , and three units at The Fountains on the Ocean.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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