BiggerPockets

Real Estate headaches, I thought we are over the hill-when I saw this

Tuesday, March 02

The housing downturn has resumed( did it ever stop)  in earnest according to Reggie Middleton, see the article here.  http://seekingalpha.com/article/191616-the-housing-downturn-has-resumed-in-earnest. I can see the issue, we still have too much inventory for sale here in Orlando and I have seen a huge increase in new listings since the beginning of the year. Who is going to buy all these homes? I see the upscale homes $300K plus taking a big hit. More foreclosures are being brought to the table and I feel sorry for the people who bought the great deals in 2007,8,9 they were not such great deals after all. Check us out at www.greaterOrlandohomes.com for great orlando real estate deals.

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