Our broker passed along an interesting article today. In it Ms. Cho explains that the Housing Affordability Index is at an all-time high - and high is good in this case. It reinforces what I've been telling people all year, "anybody that buys in 2013 will consider themselves a genius in the near future." The prices combined with mortgage rates have created great opportunities to buy real estate. In fact, the buyers in town now are saying, "it's a safe time to buy all you can." If the past is any indication of the future, Marco Island real estate prices are too cheap and appreciation is assured. The only question is how much?
I've got the rest of the article below. Feel free to comment. I'd love to hear what you guys are thinking about the
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Lately, the most popular listing each week on BuyMarco.com has been a condo. Finally, a house takes top honors. This week's winner is an inland home on Bluebird listed at only $149,000. It's a 2 bedroom / 2 bath home with just under 1300 square feet of living area. It is located in a nice area and is convenient to shopping, dining, resident's beach and the Jolley Bridge. The roof is newer and the exterior has been updated nicely.