Real Estate Blog

Written by Fred Hintenberger exclusively for MyEhomes.com

Times like now is when great wealth is created in the real estate markets. This is when the Donald Trump's of the world make their fortunes. They follow the simple cyclical rule of the real estate market: Buy low, hold and rent for 2-3 years, than sell high.

Here are just a few reasons to buy now:

We have historically low interest rates and even deeper rate cuts are on the way, the Feds have introduce a stimulus plan, Freddie and Fannie have increase their loan amounts making jumbo loans more affordable, the new loan limits for FHA is $292,500 for Pinellas-Pasco-Hillsborough County, baby boomers are getting ready to retire, foreign investors are purchasing the excess inventories, Florida is the #1 state in the United States for foreign investors, Pinellas County has ran out of land to build on, Forbes + Moody's and other economist have predicted a quick V shape rebound for the Tampabay area in 2009 and has picked the Tampabay area as the #1 place to buy real estate, we still have a strong job market, and our local real estate market is still cheaper than other coastal cities in the United State and the World. A new study by Pollina Corporate Real Estate ranks Florida high on its list of the most business-friendly states in the country. Florida ranked No. 2 in the firm's fifth annual rankings, judged on such factors as taxes, utility rates and economic incentives to persuade big companies to move in. Florida scored high for employment growth, low corporate income tax rates and the absence of a personal income tax. North Carolina ranked No. 1. Other states in the top 10 include Virginia, South Carolina, Wyoming, South Dakota, Georgia, Alabama, Utah and Kansas. Chicago-based Pollina specializes in helping companies relocate.

We will continue to be in a buyers market for at least another year. It is impossible to gauge the absolute bottom of the market; the key is to buy when everyone else is selling. Call me at 727-481-5517 to find out the best areas to buy in, the properties that will have the greatest appreciation, and daily updates of hot deals. There has never been a better time to buy or add real estate to your portfolio.