Why Prices are Leveling Out

The banks are no longer free-falling. They are banking. Because of that, they are not giving away properties. The prices have been brought down to a very affordable level, so any homes that cannot sell at the right price, are now being held & rented because the banks know that the Tampa market is going to yield very healthy equity profits. Most of you know that the other business I manage is our remodeling business, Jersey Joe’s Home Improvement & Repair, Inc. Working on both sides gives me a unique perspective, and I can tell you that we’ve seen a drastic increase in foreclosures being fixed up and rented out by the banks. Prices have held steady for 4 months now. If you’re waiting for prices to drop further, you’ll miss the boat! Do not miss this opportunity!