Greg Owens Real Estate Update

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Real Estate Agent
RECENT BLOG POSTS
What is key to successful buyer transactions in this shifting market. Managing expectations. Why do some buyers walk away feeling like they missed out. See above. Here is the key to success right now. Despite what our nothern brethern has read in their local paper or on the internet you are not g...
06/30/2011
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I sometimes forget how special our communities of Sarasota and Manatee are. All the sunshine and water becomes just becomes a daily routine. Then you have those really? From here? moments. Maria Sharapova and Sabine Lisicki, both of whom were trained at IMG Academies in Bradenton, were at Wimbled...
06/30/2011
For statistical types out there who are gauging the market, waiting to jump in etc. here is hint. 08/09. That would be the time in the Sarasota/Manatee single family home market when inventory was high and sales were really low. Yep, prices have continued to drop since then in some areas not all....
06/29/2011
Finally, even the local media in Sarasota and Manatee are reporting it. We have entered a stable market. Not a buyers or a seller's market (for now) a stable market. Single family home inventory is hoovering around a six month supply which is a stable market. It favors neither buyer nor seller. Y...
06/29/2011
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A recent news article in the South Florida Sun Sentinal points out that Wells Fargo and JP Morgan Chase are offering cash to some clients to encourage them to short sell their home instead of going in to foreclosure. It appears big lenders are waking up to the fact the foreclosure process is taki...
06/29/2011
For months real estate agents and other property gurus have been going on about the "Shadow Inventory" of thousands upon thousands of foreclosed homes going to hit our market any day. The premise is this "Shadow Inventory" will hit us like another Tsunami and knock the market back down. Bunk. Yes...
06/29/2011
Here is the latest market information from the Sarasota Herald Tribune.   Homes sales in the Sarasota-Bradenton market posted their second best month since the end of the Great Recession, but prices gave ground. The drop during May was the first since a post-recession low of $136,300 reached in J...
06/21/2011
  I just reviewed the market statistics for both Sarasota and Manatee counties on Trendgraphix.   Looking back over the past five years is amazing.   There were several months between 2007 and 2008 where there were more than 8,000 single family homes on the market in Sarasota just under that in M...
06/10/2011
We are entering a new wave of foreclosures and short sales.Not houses this time. Commercial buildings.As the commercial loans begin to reset the lenders are starting to see an influx of commercial property loan defaults.Not unlike the residential crisis in Manatee and Sarasota we are starting to ...
06/10/2011
There is amazing national statistics.Most homeowners, 70 percent nationally, don't even try to short sell their home before it goes in to foreclosure.In a state such as Florida where more than 50 percent of homeowners are upside down in their home it doesn't make sense.There are teams such as our...
06/10/2011
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