Daytona Beach Florida - Real Estate - Great News
By Ron Wysocarski, CEO, Pricing Specialist
(Wyse Home Team Realty)
Finally, some great real estate news. The Daytona Beach real estate market is now entering Condo Season. There is also an expected increase of 2nd home buying due to the new $6500 tax credit for buyers that have owned their homes for more than 5 years, which I believe is targeted at Baby Boomers. 1st Time Home Buyers have until April 30, 2010 to get a home under contract to qualify for the $8000 tax credit. I am not suggesting that this will lead to an increase in property values in our market, but rather it will lessen the opportunity for a steep dropoff in values as more foreclosure homes are released into the market. In fact, these balancing forces may likely lead to some very flat home values in much of 2010, which may be the best thing for all involved. A level playing field could ...
Comments
0